Your browser (Internet Explorer 8 or lower) is out of date. It has known security flaws and may not display all features of this and other websites. Learn how to update your browser.

X

Menu

Goodwin

Goodwin Model

Silvan
Goodwin Model:This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013), Money and Macroeconomic Dynamics, Chapter 4.5 (link)
Equilibrium conditions:
  • Labor Supply = 100
Devation from the equilibrium conditions generates growth cycles.

Economics Macroeconomics Goodwin Growth

  • 4 years 11 months ago