Sordi, Serena; Vercelli, Alessandro - In: Journal of Economic Dynamics and Control 48 (2014) C, pp. 325-348
As recent experience suggests, the most significant economic fluctuations are those that combine real and financial factors. This paper works out a simple model that couples a version of Goodwin׳s (1967) growth cycle model of real fluctuations with insights drawn from a model of financial...