A Vertical Social Accounting Matrix of the U.S. Economy

Feb 8

Written By SCEPA

WORKING PAPER

(686 KB)

This paper offers an adaptation of the square social accounting matrix used in economic planning to the rectangular vertical transaction matrix used in post-Keynesian monetary economics.

The objective is to obtain a simple and intuitive framework to organize macroeconomic data in terms of the main institutional sectors of the economy, showing how production, distribution, demand and financing are inter-related. The papers presents the SAM of the US economy as an example and uses it to analyze the trends in net lending and household net income since 1960.

working paperpolitical economy

SCEPA

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SCEPA is part of the Economics Department at The New School for Social Research