Sectoral balances
ANALITICAL JUSTIFICATION OF GOVERNMENT DEFICIT
Sectoral financial balances; Sectoral balance
The sectoral balances (also called sectoral financial balances) are a sectoral analysis framework for macroeconomic analysis of national economies developed by British economist Wynne Godley.Goldman's Top Economist Explains The World's Most Important Chart, And His Big Call For The US Economy Sectoral analysis is based on the insight that when the government sector has a budget deficit, the non-government sectors (private domestic sector and foreign sector) together must have a surplus, and vice versa.