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A Closer Look at Three Sectors’ Financial Balances

By Erin Haswell

Erin’s video is first among several developed by students in Eric Tymgoine’s modern money course.

 

 

 

Flow-of-funds and sectoral balances  by Bill Mitchell

 

 

Stock-Flow Consistent Macro Models, By Bill Mitchell

 

 Thus, when an external deficit (X – M < 0) and public surplus (G - T < 0) coincide, there must be a private deficit. While private spending can persist for a time under these conditions using the net savings of the external sector, the private sector becomes increasingly indebted in the process.

 

 

Sector Financial Balances Model of Aggregate Demand, by Scott Fullwiler

 

Private Sector Surplus or Net Saving = Government Deficit + Current Account Balance

 

 

 

A collection of Essays by Wynne Godley, Wynne Godley

 

 

Monetary Economics  -  Wynne Godley & Marc Lavoie

 

A better-annotated sectoral balances graph

 

 

Letter - Europe shows stimulus needed