Customer Reviews

Flow-Of-Funds Analysis: A Handbook for Practitioners

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The collection of texts organized by Dawson is a good introduction to the topic. It brings some of the texts of the people that came up with the whole concept of the flow of funds accounts as well as some didactic ones and others that use the accounts for theoretical and empirical modelling. The book has some problems, though. Many of the original texts (like the ones by Bakus et alli and Earley, Parsons and Thompson, for example) were substantially edited, in a way that fails to capture their essence. Also, the selection of papers is, overall, more diverse than coherent and some important modern work in the area has been left out (I am thinking about the texts by Wynne Godley that have carried on the tradition of keynesian stock-flow consistent macroeconomic models during the nineties). Despite these problems, anyone interested in the topic should buy the book. Its virtues clearly dominate its problems.

This is a useful handbook for those who work with applied monetary economics. The collection of papers cover not only the development of flow-of-fund analysis, but also its fundamentals and applications (with examples).