An endogenous Goodwin-Keynes business cycle model: Evidence for Germany (1991-2007)

Konstantinos Konstantakis, Panayotis Michaelides and Theodore Mariolis ()

MPRA Paper from University Library of Munich, Germany

Abstract: This article studies business cycles with the use of a novel Goodwin--Keynes type model. Based on its derived equations of motion and dynamic properties, we estimate the proposed model for the case of the German economy, the locomotive of the EMU, in the period 1991 to 2007, using relevant econometric techniques. The empirical estimation of the proposed model is very satisfactory, in contrast to previous efforts to empirically implement the original Goodwin model.

Keywords: Keynes; Goodwin; Endogenous Business Cycles; Germany (search for similar items in EconPapers)
JEL-codes: C51 C62 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

Published in Applied Economics Letters 21.7(2014): pp. 481-486

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Journal Article: An endogenous Goodwin--Keynes business cycle model: evidence for Germany (1991--2007) (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:90035

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