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godley
View on CRAN: Click
here
Download and install godley package within the R console
Install from CRAN:
install.packages("godley")
Install from Github:
library("remotes")
install_github("cran/godley") Install by package version:
library("remotes")
install_version("godley", "0.2.2") Attach the package and use:
library("godley")
Maintained by
Elżbieta Jowik
[Scholar Profile | Author Map]
[Scholar Profile | Author Map]
All associated links for this package
First Published: 2025-02-21
Latest Update: 2025-02-23
Description:
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 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.
How to cite:
Elżbieta Jowik (2025). godley: Stock-Flow-Consistent Model Simulator. R package version 0.2.2, https://cran.r-project.org/web/packages/godley. Accessed 25 Jun. 2026.
Previous versions and publish date:
0.2.1 (2025-02-21 12:50)
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