Keynes' Chapter Twenty-Two: A System Dynamics Model
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.
|Date of creation:||Feb 2002|
|Date of revision:|
|Publication status:||Published in Journal of Economic Issues, June 2002, pages 373-81|
|Contact details of provider:|| Web page: http://www.econ.tcu.edu/|
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