Richard Goodwin's Keynesian Cobweb: Theme and Variations

15 Pages Posted: 19 Aug 2002 Last revised: 25 Nov 2014

See all articles by Richard H. Day

Richard H. Day

University of Southern California - Department of Economics

Oleg V. Pavlov

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

Date Written: 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.

Suggested Citation

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

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

HOME PAGE: http://www.olegpavlov.org

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