A Kaldorian Model of the Trade Cycle.

This paper develops a model of the trade cycle based on the ideas if Nicholas Kaldor. The model is shown to generate an endogenous cycle in which the economy recovers from recession automatically even elthough the money wage is fixed.out technology.

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Year of publication:	1996
Authors:	McDonald, I.M.
Institutions:	Department of Economics, Faculty of Business and Economics
Subject:	TRADE \| ECONOMIC MODELS

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Series:	Department of Economics - Working Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 529 31 pages
Classification:	B22 - Macroeconomics ; E12 - Keynes; Keynesian; Post-Keynesian ; E32 - Business Fluctuations; Cycles ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005574903