create_model

Define, simulate, and validate stock-flow consistent (SFC) macroeconomic models. The godley R package offers tools to dynamically define model structures by adding variables and specifying governing systems of equations. With it, users can analyze how different macroeconomic structures affect key variables, perform parameter sensitivity analyses, introduce policy shocks, and visualize resulting economic scenarios. The accounting structure of SFC models follows the approach outlined in the seminal study by Godley and Lavoie (2007, ISBN:978-1-137-08599-3), ensuring a comprehensive integration of all economic flows and stocks. The algorithms implemented to solve the models are based on methodologies from Kinsella and O'Shea (2010) <doi:10.2139/ssrn.1729205>, Peressini and Sullivan (1988, ISBN:0-387-96614-5), and contributions by Joao Macalos.

Elżbieta Jowik

godley

Stock-Flow-Consistent Model Simulator

create_model function

<dl><dt>name</dt>
<dd>string name for created SFC model object</dd>
<dt>template</dt>
<dd>string name of model template chosen from: 'SIM', 'PC', 'LP', 'REG', 'OPEN', 'BMW', 'BMWK', 'DIS', 'DISINF', 'SIMEX', 'PCEX'
or user created SFC model object to be used as a template</dd></dl>

Arguments

Create SFC model object — create_model

<dl>

<dt>name</dt>
<dd>string name for created SFC model object</dd>


<dt>template</dt>
<dd>string name of model template chosen from: 'SIM', 'PC', 'LP', 'REG', 'OPEN', 'BMW', 'BMWK', 'DIS', 'DISINF', 'SIMEX', 'PCEX'
or user created SFC model object to be used as a template</dd>

</dl>

create_model: Create SFC model object

Description

Usage

Value

Arguments