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

February 8, 2017

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.

Author: Nelson Barbosa-Filho
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