KALECKI‘S MODEL OF BUSINESS CYCLE: EXISTENCE AND APPROXIMATION OF SOLUTION

Olaru Ion Marian
Additional contact information
Olaru Ion Marian: LUCIAN BLAGA UNIVERSITY OF SIBIU

Annals - Economy Series, 2025, vol. 5, 74-77

Abstract: In 1935, Michał Kalecki [1] developed the first clear and mathematically precise model of macroeconomic dynamics. Kalecki added an important real-world feature: the implementation lag (or gestation period) the time delay between deciding to invest and the new productive capacity becoming available. Our goal through current paper is to determine necessary conditions for model’s solution existence and its approximation.

Keywords: Kalescki; modeleof; business; cycle (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.utgjiu.ro/revista/ec/pdf/2025-05,%20Volumul%20I/08_Olaru.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:5:p:74-77

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ().