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Accounting, Organizations and Society Vol. 75 2019

Visualising economic crises using accounting models

Stephen Kinsella1,2,3

1 The University of Melbourne · 2 University of Limerick · 3 Australia and New Zealand School of Government

Abstract

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.

DOI
10.1016/j.aos.2019.01.001
Volume
75
Pages
1-16
Language
en
Sources
semanticscholar openalex crossref

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