El enfoque macroeconómico consistente de Wynne Godley. Una exposición.

Abstract

On May 13, 2010 died Wynne Godley, heterodox economist who became famous for his controversial macroeconomic forecast on the British economy in the years 70-90, for his critique of monetarist theory and policies adopted by the governments of Margaret Thatcher and, above all, for being one of the few economist who predicted the current recession. This article, written “In memoriam” of Godley, explains the methodology of the stock-flow consistent models, noting similarities and differences with other models and its superiority with respect the neoclassical ones commonly used.