Record Details

Including the monetary part in macro accounting: A ‘modern’ approach to the macroeconomic accounting

Open Journal Systems

View Archive Info
 
 
Field Value
 
ISSN 2285-3642
 
Authentication Code dc
 
Title Statement Including the monetary part in macro accounting: A ‘modern’ approach to the macroeconomic accounting
 
Personal Name TUTULMAZ, Onur
Hitit University, Dept of Economics
 
Uncontrolled Index Term Array
 
Summary, etc. Economic output is placed at the heart of the macroeconomics. To calculate the output one needs to achieve simplifying a high level complexity of economic relationships to form a system. On the flip side, the model should be enough elaborated to be able to reflect the important relationships. In this manner, the classical macroeconomic identity as Keynes suggested is simple enough to understand the main elements but it does not show the financial parts of transactions. Not having the monetary part of the economy it lacks the coherence. With the financial and economic crises getting more frequent, more endeavour to build a more inclusive and coherent macroeconomic system has been observed. However, there are large variety in different options of simplifying and simulating complex relationships among the real and monetary part of the modern economies.  Our paper tries to set an analysis comparing some of the recent prominent ideas in building balance sheet and transaction flow matrix in regard to macroeconomic accounting system. We can conclude the new achievement of including the monetary transactions in the frame causes a compromise from the simplicity for a coherent and more complete picture of macro economy.
 
Publication, Distribution, Etc. Spiru Haret University
 
Electronic Location and Access application/pdf
text/html
http://ojs.spiruharet.ro/index.php/jedep/article/view/82
 
Data Source Entry Journal of Economic Development, Environment and People; Vol 3, No 4 (2014)
 
Language Note eng
 
Nonspecific Relationship Entry http://ojs.spiruharet.ro/index.php/jedep/article/download/83/479
 
Terms Governing Use and Reproduction Note Copyright (c)