godley
godley is an R package for simulating stock-flow consistent (SFC) macroeconomic models.
By employing godley, users can create fully fledged post-keynesian and MMT models of the economy to:
- analyze the sensitivity of parameter changes,
- impose policy or exogenous shocks,
- visualize diverse dynamic macroeconomic scenarios, and
- study the implications of various macroeconomic structures on key variables.
The package offers the flexibility to support both theoretical frameworks and data-driven scenarios.
It is named in honor of Wynne Godley (1926–2010), a prominent British post-Keynesian economist and a leading figure in SFC modeling.
Installation ⚙️
godley is currently hosted on GitHub github.com/gamrot/godley. To install the development version directly, please use devtools package:
install.packages("devtools")
devtools::install_github("gamrot/godley")