https://pavelbykov.com/ Posts by economist Pavel Bykov on monetary economics, stock-flow consistent modeling, system dynamics and the Czech economy. en https://pavelbykov.com/en/blog/sfc-model-addition/https://pavelbykov.com/en/blog/sfc-model-addition/Thu, 27 Aug 2026 08:00:00 +0000I have published a p2p reviewed article with my theoretical model, but due to limitations it lacked some important elements. Let’s fulfil the gap. https://pavelbykov.com/en/blog/godley-model-czech-data/https://pavelbykov.com/en/blog/godley-model-czech-data/Sat, 22 Aug 2026 08:00:00 +0000Using the fiscal and trade ratios from Wynne Godley’s iconic 1999 paper, I run them on Czech data. The results give some food for thought. https://pavelbykov.com/en/models/model-monetary-flows/https://pavelbykov.com/en/models/model-monetary-flows/Tue, 30 Dec 2025 08:00:00 +0000A monetary financial model of a small open economy, built with stock-flow consistent and system dynamics methods. It tracks how public and private debts interact, and how public debt relates to the profits of firms.