Download This PaperTolerable Ranges of Variation in the Rate of Capacity Utilization and Corridor Instability: A Reply to Florian Botte
11 Pages Posted: 12 Jun 2019
Date Written: May 28, 2019
Abstract
This reply to Botte (2019) responds to criticisms of the methods used to estimate the normal rate of capacity utilization and a tolerable interval of variation in the actual rate of capacity utilization around the normal rate in Setterfield (2019a). It concludes with some further reflections on the concept of corridor instability.
Keywords: normal rate of capacity utilization, Harrodian instability, corridor instability
JEL Classification: E11, E12, O41
Suggested Citation: Suggested Citation
Setterfield, Mark, Tolerable Ranges of Variation in the Rate of Capacity Utilization and Corridor Instability: A Reply to Florian Botte (May 28, 2019). Available at SSRN: https://ssrn.com/abstract=3395560 or http://dx.doi.org/10.2139/ssrn.3395560
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