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Godley & Lavoie Model SIM - Finance

489 runs

Added by N S

Application area: Economics

Simulation method: System Dynamics

Godley & Lavoie Model SIM

This is a System Dynamics based simulation of Godley & Lavoie's Model SIM (Godley & Lavoie, 2007, Ch.3). It is their simplest
model with only government supplied high-powered money. It is a useful tool for introducing the combined methodology of Stock-Flow Consistent System Dynamics (SFC-SD) macreconomic modelling.

Reference:
Godley, W. & Lavoie, M. (2007) Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth.
Basingstoke: Palgrave Macmillan.

The model was created with AnyLogic - simulation software / Economics

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