Endogenous Cycles in the US

By Daniele Tavani Sunday, May 18, 2014 0 , , , Permalink 0

I've been working on refinements and extensions of the Goodwin (1967) model of the growth cycle (here is a short set of notes on it: ECON705_Goodwin) for a while. The Goodwin model is a very elegant, stylized framework representing the dynamics of employment (v) and income shares (omega) in a growing economy where capital accumulation is ...