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首页> 外文期刊>JPKE:journal of post keynesian economics >Endogenous business cycles and Harrodian instability in an agent-based model
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Endogenous business cycles and Harrodian instability in an agent-based model

机译:基于代理的模型中内源业务周期和Harrodian不稳定性

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摘要

The article presents an original stock-flow consistent macroeconomic agent-based model with the aim to reexamine Harrod's instability principle as an explanatory element of macroeconomic dynamics. The main findings are that bottom-up economic models can be subject to Harrodian instability and can produce endogenous cycles without introducing innovation waves, monetary wage spirals, or financial instability. Upward instability is stopped by the ceiling of full employment, and downward instability can be tamed by introducing an autonomous expenditure that feeds aggregate demand.
机译:本文介绍了一个原始的股票流量一致的宏观经济代理的模型,旨在重新审查Harrod的不稳定原则作为宏观经济动态的解释性要素。主要研究结果是,自下而上的经济模型可以受到哈罗德的不稳定的影响,并且可以在不引入创新波浪,货币工资螺旋或金融不稳定的情况下产生内源周期。通过全面就业的天花板停止向上不稳定,通过引入源的自治支出,可以判断向下不稳定。

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