Abstract

http://ssrn.com/abstract=306844
 


 



Richard Goodwin's Keynesian Cobweb: Theme and Variations


Richard H. Day


University of Southern California - Department of Economics

Oleg V. Pavlov


Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies


Journal of Macroeconomics, Vol. 24, No. 1, Winter 2002

Abstract:     
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.

Accepted Paper Series


Not Available For Download

Date posted: August 19, 2002  

Suggested Citation

Day, Richard H. and Pavlov, Oleg V., Richard Goodwin's Keynesian Cobweb: Theme and Variations. Journal of Macroeconomics, Vol. 24, No. 1, Winter 2002. Available at SSRN: http://ssrn.com/abstract=306844

Contact Information

Richard H. Day (Contact Author)
University of Southern California - Department of Economics ( email )
Kaprielian Hall 318-A
Los Angeles, CA 90089
United States
213-740-2432 (Phone)
213-740-8543 (Fax)
Oleg V. Pavlov
Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies ( email )
100 Institute Road
Worcester, MA 01609
United States
508-831-5234 (Phone)
508-831-5892 (Fax)
HOME PAGE: http://users.wpi.edu/~opavlov/
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