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Working Paper No. 537 The Keynesian Roots of Stock-flow Consistent Macroeconomic Models: Peering Over the Edge of the Short Period  by Antonio Carlos Macedo e Silva Professor of Economics, State University of Ca mpinas (UNICAMP), Brazil and Cláudio H. Dos Santos Research Associate, The Levy Economics Institute of Bard College; and Research Economist, Institute for Applied Economic Research (IPEA), Brazil July 2008 “We have all of us become used to finding ourselves sometimes on the one side of the moon and sometimes on the other, without knowing what route or journey connects them, related, apparently, after the fashion of our waking and our dreaming lives.”  —John Maynard Keynes  , The General Theory of Employment, Interest and Money The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. The Levy Economics Institute P.O. Box 5000 Annandale-on-Hudson, NY 12504-5000 http://www.levy.org Copyright © The Levy Economics Institute 2008 All rights reserved .

The Keynesian Roots of Stock-Flow Consistent Macro Economic Models

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