A Kaldorian Model of the Trade Cycle

Ian McDonald ()

No 529, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper develops a model of the trade cycle based on the ideas if Nicholas Kaldor. The model is shown to generate an endogenous cycle in which the economy recovers from recession automatically even elthough the money wage is fixed.out technology.

Keywords: TRADE; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: B22 E12 E32 E60 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:529

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