Cottin-Euziol, Edouard; Bougrine, Hassan; Rochon, … - In: European journal of economics and economic policies : … 21 (2024) 3, pp. 486-501
Stock-flow consistent (SFC) modelling and monetary circuit theory (MCT) have many similarities. However, an important … loans financing investments will then represent a leakage outside the monetary circuit and affect the level of aggregate …