This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a demand-driven model in the structuralist/post-Keynesian tradition. On the one hand, rising aggregate demand increases the contact rate and therefore the probability of exposure to a...

This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a simple model in the structuralist/post-Keynesian tradition. On the one hand, rising economic activity increases the contact rate and therefore the probability of exposure to a virus. On...

Machine generated contents note: 1. Analytical Political Economy (Roberto Veneziani and Luca Zamparelli) 2. Taking Stock: A Rigorous Modelling Of Animal Spirits In Macroeconomics (Reiner Franke and Frank Westerhoff) 3. The Agent-Based Approach To Post Keynesian Macro-Modeling (Corrado Di Guilmi)...

Intro -- Analytical Political Economy -- Contents -- 1 ANALYTICAL POLITICAL ECONOMY -- References -- 2 TAKING STOCK: A RIGOROUS MODELLING OF ANIMAL SPIRITS IN MACROECONOMICS -- 1. Introduction -- 2. The General Framework -- 2.1 The Discrete Choice Approach -- 2.2 The Transition Probability...