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Visualising economic crises using accounting models
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DOI：10.1016/j.aos.2019.01.001.png)
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We build and argue for new visualizations of the Irish economy based on a stock flow consistent model of the national accounts. The 2007/8 Irish crisis came from the financial sector, and these visualisations capture the interconnections between the real and financial sectors of the economy. The visualizations increase the data-density thirty to fifty times more than line graphs typically used by policy makers to guide their decisions. The many connections between the real and financial sides of the economy are made more explicit. (C) 2019 Elsevier Ltd. All rights reserved.
Keyword:
Accounting models
Visualization
Ireland
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