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Monetary System Design

The NeoMinerva project develops simple teaching models that describe the flow of net-financial assets - the money supply - from government to the domestic non-government sector.

Premise

Advanced economies have significant control over the velocity of government money supply.

Model Development

ModelSIM and ModelPC are the simplest sectoral flow models of a government, non-government monetary system described by the late, great, & Marc Lavoie in their book 'Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth'.

Wynne Godley

[...] the world's problems of which are serious will not be solved by market forces alone nor even principally by them. Something else has to be done.