Keynes' Chapter Twenty-Two: A System Dynamics Model

The purpose of this paper is to illustrate the usefulness of Keynes' approach by modeling it using system dynamics. As this technique allows the researcher to place the analysis in time it is especially well suited to the task. It also allows us to see exactly which elements seem to create the characteristic shape of the business cycle and crisis.

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Year of publication:	2002-02
Authors:	Harvey, John
Institutions:	Department of Economics, Texas Christian University
Subject:	Keynes \| system dynamics \| computer simulation \| business cycle

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Journal of Economic Issues, June 2002, pages 373-81 Number 200201 13 pages
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E32 - Business Fluctuations; Cycles ; C63 - Computational Techniques
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008675827