RT Journal Article
T1 Sankey diagrams for macroeconomics: A teaching complement bridging undergraduate and graduate Macro
A1 Fernández-de-Córdoba-Martos, Gonzalo
A1 Molinari, Benedetto
K1 Macroeconomía - Estudio y enseñanza superior
K1 Gráficos de flujo
AB There is a widespread call in the academy to teach macroeconomics more homogeneously at the graduate and undergraduate levels. Current state-of-the-art research in macroeconomics obliges teachers of graduate courses to focus on dynamic stochastic general equilibrium (DSGE) models. At the same time, DSGE models have proven too complex for undergraduate-level macroeconomics, which is still grounded on classical model (e.g. IS-LM). In this paper, we propose a tool to bridge the gap between these two conceptual frameworks. Sankey diagrams for macroeconomics provide a coherent graphical analysis representing the aggregate economic activity either defined as in National Accounts, or in classical models, or as an equilibrium outcome of DSGE models. Thus, this tool can be used indifferently in graduate and undergraduate courses providing a guideline for students to recognize the same object of the analysis when jumping from undergraduate to graduate macro.
PB Elsevier
YR 2022
FD 2022
LK https://hdl.handle.net/10630/25784
UL https://hdl.handle.net/10630/25784
LA eng
NO Gonzalo F. de-Córdoba, Benedetto Molinari,Sankey diagrams for macroeconomics: A teaching complement bridging undergraduate and graduate Macro,Heliyon,Volume 8, Issue 9,2022,e10717,ISSN 2405-8440,https://doi.org/10.1016/j.heliyon.2022.e10717.
NO This work was supported by Plan Andaluz de Investigación, Desarrollo e Innovación (PAIDI 2020) grant number P20_01010, and by the European Regional Development Fund (FEDER de Andalucía 2014-2020) grant number UMA18-FEDERJA169.
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 20 ene 2026