TY - JOUR
T1 - Is It Possible to Visualise Any Stock Flow Consistent Model as a Directed Acyclic Graph?
AU - Fennell, Peter G.
AU - O’Sullivan, David J.P.
AU - Godin, Antoine
AU - Kinsella, Stephen
N1 - Publisher Copyright:
© 2015, Springer Science+Business Media New York.
PY - 2016/8/1
Y1 - 2016/8/1
N2 - Yes it is. We rigorously demonstrate the equivalence of any stock flow consistent (SFC) model to a directed acyclic graph (DAG) using condensation graphs. The equivalence between stock flow models and DAGs is useful both for visualising large-scale macroeconomic models of this type and for inferring causality within these models. We developed a new package to build and simulate any SFC model and generate the corresponding DAGs, and we provide an example of this package using a well known model from the literature.
AB - Yes it is. We rigorously demonstrate the equivalence of any stock flow consistent (SFC) model to a directed acyclic graph (DAG) using condensation graphs. The equivalence between stock flow models and DAGs is useful both for visualising large-scale macroeconomic models of this type and for inferring causality within these models. We developed a new package to build and simulate any SFC model and generate the corresponding DAGs, and we provide an example of this package using a well known model from the literature.
KW - Directed graphs
KW - Macroeconomic modeling
KW - Stock flow consistent models
UR - http://www.scopus.com/inward/record.url?scp=84940061965&partnerID=8YFLogxK
U2 - 10.1007/s10614-015-9521-8
DO - 10.1007/s10614-015-9521-8
M3 - Article
AN - SCOPUS:84940061965
SN - 0927-7099
VL - 48
SP - 307
EP - 316
JO - Computational Economics
JF - Computational Economics
IS - 2
ER -