Tolerable ranges of variation in the rate of capacity utilization and corridor instability: a reply to Florian Botte
Mark Setterfield ()
No 1905, Working Papers from New School for Social Research, Department of Economics
This reply to Botte (2019) responds to criticisms of the methods used to estimate the normal rate of capacity utilization and a tolerable interval of variation in the actual rate of capacity utilization around the normal rate in Setterfield (2019a). It concludes with some further reflections on the concept of corridor instability.
Keywords: Normal rate of capacity utilization; Harrodian instability; corridor instability (search for similar items in EconPapers)
JEL-codes: E11 E12 O41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.economicpolicyresearch.org/econ/2019/NSSR_WP_052019.pdf First version, 2019 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:new:wpaper:1905
Access Statistics for this paper
More papers in Working Papers from New School for Social Research, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Mark Setterfield ().