Reviving Kalecki's business cycle model in a growth context

DOI10.1016/J.JEDC.2017.12.009MaRDI QIDQ1657366zbMATH OpenOpenAlexFDO

Authors Reiner Franke

Publication date 13 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2017.12.009

zbMATH Keywords

calibrationdelay differential equationsgestation periodunique limit cyclevariations in the amplitude

Mathematics Subject Classification ID

Economic growth models (91B62) General theory of functional-differential equations (34K05)

Recommendations

• Time to build in dynamics of economic models. II: Models of economic growth
• Time-to-build in dynamics of economic models. I: Kalecki's model
• The Kaldor-Kalecki business cycle model
• The Kaldor-Kalecki stochastic model of business cycle
• The Kaldor­Kalecki Model of Business Cycle as a Two-Dimensional Dynamical System

Cites work

• scientific article; zbMATH DE number 1128810 (Why is no real title available?)
• Business cycle theory. A survey of methods and concepts.
• COMPLEX DYNAMICS IN A KEYNESIAN GROWTH MODEL
• Delay differential equations: with applications in population dynamics
• On the Stability of Certain Economic Systems
• Stability switches and Hopf bifurcation in a Kaleckian model of business cycle
• The elements of a nonlinear theory of economic dynamics
• Time-to-build in dynamics of economic models. I: Kalecki's model

Cited in

(18)

• A small-scale agent-based model of institutional and technological change
• A non-linear approach to Kalecki's investment cycle
• scientific article; zbMATH DE number 2000789 (Why is no real title available?)
• Cyclical growth in a Goodwin-Kalecki-Marx model
• Nonlinear optimal control of coupled time-delayed models of economic growth
• The peak-end rule and its dynamic realization through differential equations with maxima ^*
• Limits to investment exhilarationism
• The stability analysis of the market price using Lambert function method
• A clarification of the Goodwin model of the growth cycle
• Advanced Keynes-Metzler-Goodwin macro modeling: a calibration study
• Explicit investment setting in a Kaldor macroeconomic model with macro shock
• MICRO EMPIRICAL RESULTS OF A KALECKIAN‐TYPE CAPITAL ACCUMULATION MODEL COMPARED WITH MACRO RESULTS FOR SOME EUROPEAN ECONOMIES
• Schumpeter meeting Keynes: a policy-friendly model of endogenous growth and business cycles
• Growth, cycles, asset prices and finance
• The Kaldor-Kalecki business cycle model
• Time-to-build in dynamics of economic models. I: Kalecki's model
• A non-linear restatement of Kalecki's business cycle model with non-constant capital depreciation
• Harrodian instability and the `normal rate' of capacity utilization in Kaleckian models of distribution and growth -- a survey

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