godley: Stock-Flow-Consistent Model Simulator

Define, simulate, and validate stock-flow consistent (SFC) macroeconomic models. The godley R package offers tools to dynamically define model structures by adding variables and specifying governing systems of equations. With it, users can analyze how different macroeconomic structures affect key variables, perform parameter sensitivity analyses, introduce policy shocks, and visualize resulting economic scenarios. The accounting structure of SFC models follows the approach outlined in the seminal study by Godley and Lavoie (2007, ISBN:978-1-137-08599-3), ensuring a comprehensive integration of all economic flows and stocks. The algorithms implemented to solve the models are based on methodologies from Kinsella and O'Shea (2010) <doi:10.2139/ssrn.1729205>, Peressini and Sullivan (1988, ISBN:0-387-96614-5), and contributions by Joao Macalos.

install.packages("godley")

Try the godley package in your browser