A simulation ir!octel developed from regression estimates of fa-.rm ~ector sources and uses of. funds is llsed to project a farm income statement, balance sheet, and sources-and-uscs-of-funds statement to 1980. Projection results suggest that (a) total assets in the farm sector may total morc...

La Junta de Planificación de Puerto Rico clasifica las transferencias individuales en dos categorías: "transferencias devengadas" y "transferencias concedidas¿. El propósito de este trabajo es estimar los efectos económicos directos e indirectos de las transferencias federales y de otros...

This paper tracks the development of sectoral saving and borrowing in the US economy over the past 50 years. We show that the financial imbalances that erupted in the financial crisis of 2008 were long in the making and preceded the emergence of global imbalances in the 2000s. The record low...

This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study identifies core differences, traces their intellectual pedigrees,...

In the paper we provide some empirical evidence of the development of private debt to GDP ratio in the sample of 18 EU Member States. We use detailed national accounts published regularly by the OECD-financial assets and liabilities by institutional sectors (flow of funds). The ratio of private...