A Chaotic Reformulation of Multiplier—Accelerator Models

Richard M. Goodwin, Björn Thalberg and Kumaraswamy Velupillai

Chapter 7 in Nonlinearities, Disequilibria and Simulation, 1992, pp 87-106 from Palgrave Macmillan

Abstract: Abstract It gives me great pleasure to join in this occasion to honour Björn Thalberg. We have known one another for over thirty years, shared an interest in economic dynamics and, in particular, in cycles. He came to Cambridge at a time when I had only recently begun lecturing there and we had a chance to meet outside the formal lecturing periods. Not only that but he sent one of his exceptional students, Kumaraswamy Velupillai, with the instruction to seek out either Nicholas Kaldor or me: happily in the end he became my student.

Keywords: Fiscal Policy; Strange Attractor; Economic Dynamic; Exogenous Shock; Compensatory Policy (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-12227-1_7

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