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Is capacity utilization variable in the long run? An agent-based sectoral approach to modeling hysteresis in the normal rate of capacity utilization
Bassi, Federico; Bauermann, Tom; Lang, Dany; … - 2020
Post Keynesian macrodynamic models make various assumptions about the normal rate of capacity utilization. Those rooted in the Classical and neo-Keynesian traditions assume the normal rate is fixed, whereas Kaleckian models treat it as a variable that is endogenous to the actual rate of capacity...
Persistent link: https://www.econbiz.de/10012668956
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Is capacity utilization variable in the long run? : an agent-based sectoral approach to modeling hysteresis in the normal rate of capacity utilization
Bassi, Federico; Bauermann, Tom; Lang, Dany; … - 2020
Post Keynesian macrodynamic models make various assumptions about the normal rate of capacity utilization. Those rooted in the Classical and neo-Keynesian traditions assume the normal rate is fixed, whereas Kaleckian models treat it as a variable that is endogenous to the actual rate of capacity...
Persistent link: https://www.econbiz.de/10012660731
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Is Capacity Utilization Variable in the Long Run? An Agent-Based Sectoral Approach to Modeling Hysteresis in the Normal Rate of Capacity Utilization
Bassi, Federico - 2020
Post Keynesian macrodynamic models make various assumptions about the normal rate of capacity utilization. Those rooted in the Classical and neo-Keynesian traditions assume the normal rate is fixed, whereas Kaleckian models treat it as a variable that is endogenous to the actual rate of capacity...
Persistent link: https://www.econbiz.de/10012831714
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Is capacity utilization variable in the long run? : an agent-based sectoral approach to modeling hysteresis in the normal rate of capacity utilization
Bassi, Federico; Bauermann, Tom; Lang, Dany; … - In: Structural change and economic dynamics : SC+ED 63 (2022), pp. 196-212
Persistent link: https://www.econbiz.de/10013534288