Veronese Passarella, Marco - In: European Journal of Economics and Economic Policies: … 21 (2024) 3, pp. 461-485
The aim of this paper is twofold. First, it shows how a standard stock-flow consistent model (SFCM) can be modified to embed some fundamental insights from Graziani's theory of the monetary circuit (TMC). Second, it aims to address some common misconceptions about the TMC. More precisely, it is...
