An Analysis of Pseudo-Goodwin Cycles in a Wage-Led Minsky Model

Johannes Buchner

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Abstract: The goal of these notes is to make the concept of "pseudo goodwin cycles" mathematically more precise. At first the title seems like a contradiction to have a wage-led model and still find goodwin cycles in it, but the point we try to make in the paper is that those are only `pseudo-goodwin' cycles, and not real goodwin cycles.

Date: 2025-05
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