Existence and uniqueness of growth cycles in post Keynesian systems

被引：10

作者：

Murakami, Hiroki ^{[1
]}

机构：

[1] Chuo Univ, Fac Econ, 742-1 Higashi Nakano, Hachioji, Tokyo 1920393, Japan

来源：

ECONOMIC MODELLING | 2018年 / 75卷

关键词：

Keynesian economics; Expected rate of profit; Growth cycle; Uniqueness; MODEL; STABILITY; INSTABILITY; PERSISTENCE; DEMAND;

D O I：

10.1016/j.econmod.2018.07.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we explore the existence and uniqueness of a limit cycle (or of a growth cycle) in a post Keynesian system in which investment is determined by the expected rate of profit. We find that a periodic orbit appears if the marginal effect of the expected rate of profit on investment is strong enough and that it is a unique limit cycle if the speed of revisions of expectation is fast enough.

引用

页码：293 / 304

页数：12

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