Grasselli, Matheus R.; Nguyen Huu, Adrien - In: Journal of risk and financial management : JRFM 8 (2015) 3, pp. 285-310
We study a monetary version of the Keen model by merging two alternative extensions, namely the addition of a dynamic price level and the introduction of speculation. We recall and study old and new equilibria, together with their local stability analysis. This includes a state of recession...
