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The main task of this work is to develope a model able to encompass, at the same time, Keynesian, demand-driven, and Marxian, profit-driven determinants of fluctuations. Our starting point is the Goodwin's model (1967), rephrased in discrete time and extended by means of a coupled dynamics...
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lead to cyclical paths for modern developed economies. 4. Augment theory with empirical analysis of some central issues …, uncertainty, economic growth and the Great Recession, constructed around theory, models and applications"-- … lead to cyclical paths for modern developed economies. 4. Augment theory with empirical analysis of some central issues …
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