Richard Goodwin's Keynesian Cobweb: Theme and Variations
15 Pages Posted: 19 Aug 2002 Last revised: 25 Nov 2014
Date Written: 2002
Variations of Richard Goodwin's graphical model for explaining the rudiments of Keynes's real/monetary cycle theory are presented that can also be explicated graphically, but which possess more plausible dynamic properties, namely, the generic possibility of irregular, asymmetric fluctuations.
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