Goodwin Models

These models and simulations have been tagged “Goodwin”.

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.

CLD exposition of Goodwin01 from Steve Keen's August 2019 course on Introduction to Economic Dynamics and Minsky software See video and powerpoint slides. Based on IM-2011 Minsky FIH and IM-168865 MacroEconomics CLDs. SeeIM-172005 for Simulation

Simulation of Goodwin01 Minsky Model CLD in IM-172002 Compare with Part3 slide 3 of presentation in patreon. See extension Goodwin02 at IM-172145

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 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.
3 months ago

See extension Goodwin02 at IM-172145

3 months ago
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 business cycle model, modified from Keen and Blatt

Este modelo es una copia de "Goodwin Business Cycle". Quité al menos una variable y aproximé la relación discreta entre el nivel de empleo y el crecimiento anual del salario con una función basada en la tangente hiperbólica.

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.

WIP Exttension of IM-172005 Simulation of Goodwin01 Minsky Model. Compare with Part3 slide 5 of presentation in patreon

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 business cycle model, modified from Keen and Blatt

11 months ago

WIP Exttension of IM-172005 Simulation of Goodwin01 Minsky Model. Compare with Part3 slide 5 of presentation in patreon