Original title:
Extended Kalecki-Kaldor model revisited
Authors:
Kodera, Jan ; Sladký, Karel ; Vošvrda, Miloslav Document type: Papers Conference/Event: MME 2003, Prague (CZ), 2003-09-10 / 2003-09-12
Year:
2003
Language:
eng Abstract:
This contribution is devoted to an extended Kalecki-Kaldor model. Differential equations for the development of the real product (output) and capital stock of the economy are formulated for a given value of the inflation rate. A dynamical model of money market is considered either the LM model or the Fisherian model. Stability and robustness are analysed for the complete model.
Keywords:
Keynesian systems; macroeconomic models; nonlinear differential equations Project no.: CEZ:AV0Z1075907 (CEP), GA402/01/0034 (CEP), IAA7075202 (CEP) Funding provider: GA ČR, GA AV ČR Host item entry: Proceedings of the 21st International Conference Mathematical Methods in Economics 2003
Institution: Institute of Information Theory and Automation AS ČR
(web)
Document availability information: Fulltext is available at the institute of the Academy of Sciences. Original record: http://hdl.handle.net/11104/0131218