FMM: Introductury Lecture Godin Stock Flow Consistent and Agent Based Modelling

StockFlow Consistent and AgentBased Modelling Antoine Godin, Kingston University To the documentation: Twenty years ago, the Research Network Macroeconomics and Macroeconomic Policies (FMM) was founded as a platform for analysis, research and discussion of macroeconomic issues. At the time macroeconomic theory and policy were dominated by neoclassical approaches. In contrast, the network was established to promote alternative, heterodox concepts of macroeconomic theory and refocus economic policy on the goals of high employment, environmentally sustainable growth, price stability, reduced inequality and poverty. At our 20th conference, we will assess the current state of macroeconomics. What has changed in the two decades since the foundation of the network Is there greater pluralism in theoretical approaches What are the improvements in modelling the economy in orthodox and heterodox approaches What is the explanatory power and empirical content of m