Goodwin Models

These models and simulations have been tagged “Goodwin”.

 Goodwin business cycle  model , modified from Keen and Blatt

Goodwin business cycle model, modified from Keen and Blatt

 Goodwin business cycle  model , modified from Keen and Blatt

Goodwin business cycle model, modified from Keen and Blatt

 Goodwin business cycle  model , modified from Keen and Blatt

Goodwin business cycle model, modified from Keen and Blatt

 Goodwin business cycle  model , modified from Keen and Blatt

Goodwin business cycle model, modified from Keen and Blatt

  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.
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.
2 months ago