A two-dimensional non-equilibrium dynamic model
This paper develops a non-equilibrium dynamic model (NEDyM) with Keynesian features (it allows for a disequilibrium between output and demand and it considers a constant marginal propensity to consume), but where production is undertaken under plain neoclassical conditions (a constant returns to sca...
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| Format: | article |
| Language: | eng |
| Published: |
2015
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| Online Access: | https://ciencia.iscte-iul.pt/public/pub/id/22726 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/10488 |