The Role of Inflation Rate on the Dynamics of an Extended Kaldor Model
Kodera Jan (),
Sladky Karel () and
Vosvrda Miloslav ()
Additional contact information Kodera Jan: University of Economics, Prague
Sladky Karel: Department of Econometrics, Academy of Sciences, the Czech Republic
Vosvrda Miloslav: Department of Econometrics, Academy of Sciences, the Czech Republic
Authors registered in the RePEc Author Service: Miloslav Vošvrda () and
Miloslav Stephan Vosvrda
Abstract:
This contribution is devoted to the dynamics of an extended Kaldor model. Attention is focused primarily on an influence of the inflation rate on the limiting behavior, stability and robustness of the model. Both the analytical approach and computer modelling are discussed. Two illustrative examples are supplied.