Keynes' Chapter Twenty-Two: A System Dynamics Model

John Harvey

No 200201, Working Papers from Texas Christian University, Department of Economics

Abstract: The purpose of this paper is to illustrate the usefulness of Keynes' approach by modeling it using system dynamics. As this technique allows the researcher to place the analysis in time it is especially well suited to the task. It also allows us to see exactly which elements seem to create the characteristic shape of the business cycle and crisis.

Keywords: Keynes; system dynamics; computer simulation; business cycle (search for similar items in EconPapers)
JEL-codes: C63 E12 E32 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2002-02
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in Journal of Economic Issues, June 2002, pages 373-81

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http://www.econ.tcu.edu/RePEc/tcu/wpaper/wp02-01.pdf First version, 2002 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:tcu:wpaper:200201

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