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Wynne Godley (26 September 1926 – 13 May 2010) was an economist famous for his pessimism about the British economy and his criticism of the British government. In 2007, he and Marc Lavoie wrote a book about the " Stock-Flow Consistent" model, an analysis that predicted the global financial crisis of 2008.
The sectoral balances (also called sectoral financial balances) are a sectoral analysis framework for macroeconomic analysis of national economies developed by British economist Wynne Godley. Sectoral financial balances in U.S. economy 1990-2019. By definition, the three balances must net to zero.
Wynne Godley, one of the pioneers of the SFC approach since the 1970s, had warned since 2000 in publications that the US housing market would weaken and cause a recession. In DSGE models , which dominate macroeconomics , crises usually cannot arise because of behavioural assumptions such as rational expectations and intertemporal optimisation .
Wynne Godley San Miguel, Victoria sobre el Diablo, por Sir Jacob Epstein, la cabeza del cual fue inspirada en Wynne Godley. Wynne Godley (2 de septiembre de 1926 – 13 de mayo de 2010) fue un economista famoso por su pesimismo hacia la economía británica y su crítica al gobierno Británico.
Distinguished Scholar Wynne Godley, longtime head of the Institute’s Macro-Modeling Team, died May 13, 2010. He was 83. Much of Godley’s work focused on the strategic prospects for the US, UK, and world economies, and the use of accounting macroeconomic models to reveal structural imbalances.
27 de mai. de 2010 · This man was to become the first Lord Kilbracken and eventually grandfather of Wynne. Mr Godley became best known for his outspoken criticisms of Conservative economic policies. In the 1970s he ...
21 de fev. de 2017 · Policies and ethics. Wynne Godley started his career as a civil servant at the UK Treasury. In 1970, Nicholas Kaldor convinced him to move to Cambridge and to become the Director of the Department of Applied Economics, a position he held for nearly two decades. Godley founded the...
