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Is it possible to visualise any stock flow consistent model as a directed acyclic graph?

Date
2016
Abstract
Yes it is. We rigorously demonstrate the equivalence of any stock flow consistent (SFC) model to a directed acyclic graph (DAG) using condensation graphs. The equivalence between stock flow models and DAGs is useful both for visualising large-scale macroeconomic models of this type and for inferring causality within these models. We developed a new package to build and simulate any SFC model and generate the corresponding DAGs, and we provide an example of this package using a well known model from the literature.
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Description
peer-reviewed
Publisher
Springer
Citation
Computational Economcis;48 (2), pp. 307-316
Collections
Mathematics & Statistics
Economics
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Kinsella_2016_possible.pdf
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Keywords
stock flow consistent models, directed graphs, macroeconomic modeling, money
ULRR Identifiers
https://researchrepository.ul.ie/handle/10344/6328
 https://doi.org/10.34961/190
Funding code
Funding Information
Institute for New Economic Thinking
Sustainable Development Goals
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Type
Article
Rights
https://creativecommons.org/licenses/by-nc-sa/1.0/
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