"The words and concepts we use influence the way we think and act. Therefore, an essential attribute of a real science is its use of consistent, precise, and analytically incisive definitions."
IEA's innovative conceptual framework makes it possible to "complete the Keynesian Revolution" by functionally integrating the National Income and Product (NIPA) and Flow-of-Funds (FOF) national accounts, empirically linking financial saving and GDP investment -- thus bridging the financial gap between saving and investment. This unified database provides the empirical basis for a more credible and easier to understand macroeconomic science, more effective analytical tools, and more systematic coordination of policy tools for maintaining stable full-employment growth, low inflation, low interest rates, a more equitable and sustainable distribution of income and wealth, and a more stable stock market.

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      Site update: October 2, 2011