EViews macros for building models in
Wynne Godley and Marc Lavoie
Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth

Table of contents Chapter 9 Notes on EViews version Notation Copyright Comments Guestbook

Chapter 9. A Model with Private Bank Money, Inventories and Inflation

Model DIS - Model DISINF version 1 - Model DISINF version 2 - Model DIS with exogenous expectations on sales

Model DIS

Model DIS introduces price determination and inflation accounting, but keeps the wage rate exogenous.

Download: gl09dis (Eviews 5 to 8) or gl09dis_v4 (Eviews 4.1)

Figure 9.1  Figure 9.2


Model DISINF endogenizes wages, and therefore allowes a full treatment of inflation.
In the first version of the model, households take capital gains and losses from inflation into account in their expenditure decision, and inflation has no real effects.

Download: gl09disinf1 (Eviews 5 to 8) or gl09disinf1_v4 (Eviews 4.1)


In the second version of model DISINF, households are blind to capital gains and losses from inflation.

Download: gl09disinf2 (Eviews 5 to 8) or gl09disinf2_v4 (Eviews 4.1)

Figure 9.5  Figure 9.6

Model DISE

Model DISE is a revised version of model DIS, where expectations on sales are now exogenous. This model is used in Appendix 2 to chapter 9, to illustrate a stable equilibrium where expectations are never fulfilled.

Download: gl09dise (Eviews 5 to 8) or gl09dise_v4 (Eviews 4.1)