ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Stock-Flow Norms and Systemic Stability

We offer a dynamical systems translation of the Godley and Cripps (1983) framework. Stability of an economy is shown to depend on the concatenation of four parameters: a steady-state money income ratio, a speed-of-adjustment-of-assets coefficient, an inventory accumulation index, and the share of government in aggregate income.

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