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Keynes' Chapter Twenty-Two: A System Dynamics Model

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Author Info

  • John Harvey

    ()
    (Department of Economics, Texas Christian University)

Abstract

The purpose of this paper is to illustrate the usefulness of Keynes' approach by modeling it using system dynamics. As this technique allows the researcher to place the analysis in time it is especially well suited to the task. It also allows us to see exactly which elements seem to create the characteristic shape of the business cycle and crisis.

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File URL: http://www.econ.tcu.edu/RePEc/tcu/wpaper/wp02-01.pdf
File Function: First version, 2002
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Bibliographic Info

Paper provided by Texas Christian University, Department of Economics in its series Working Papers with number 200201.

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Length: 13 pages
Date of creation: Feb 2002
Date of revision:
Publication status: Published in Journal of Economic Issues, June 2002, pages 373-81
Handle: RePEc:tcu:wpaper:200201

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Web page: http://www.econ.tcu.edu/
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Related research

Keywords: Keynes; system dynamics; computer simulation; business cycle;

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Cited by:
  1. John T. Harvey, 2010. "Modeling financial crises: a schematic approach," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 33(1), pages 61-82, October.

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