Bifurcation Analysis of the Keynesian Cross Model: Conclusion and References
by Keynesian TechnologyJuly 19th, 2024
Too Long; Didn't Read
This study investigates the Keynesian cross model of a national economy with a focus on the relationship between government spending and economic equilibrium.
Xinyu Li, University of Washington.
Table of Links
- Abstract and Introduction
- 2. Method and 2.1. G is constant
- 2.2. Linear Relation between G and I
- 2.3. Nonlinear Quadratic Relation between G and I
- 3. Results
- 4. Conclusion and References
4. Conclusion
Future researchers can investigate other nonlinear relationships between government spending and national income such as the case when government spending increases cubically with the national income.
References:
-
Cate, Thomas. An Encyclopedia of Keynesian Economics. Edward Elgar Publishing Limited, 2013.
-
Feiwel, George R. Samuelson and Neoclassical Economics. 1982, pp. xiii–x358.
-
Jespersen, Jesper, et al. Teaching Post Keynesian Economics. Edward Elgar Publishing, 2013, https://doi.org/10.4337/9781782547006.
-
Bolles, Albert Sidney. Money, Banking, and Finance, by Albert S. Bolles. American book company, 1903.
-
Jordan, Dominic, and Peter Smith. Nonlinear Ordinary Differential Equations: An Introduction for Scientists and Engineers. Oxford University Press, Incorporated, 2007.
6. Strogatz, Steven H. Nonlinear Dynamics and Chaos: With Applications to Physics, Biology, Chemistry, and Engineering. CRC Press, 2015, https://doi.org/10.1201/9780429492563.
This paper is available on arxiv under CC 4.0 license.
L O A D I N G
. . . comments & more!
. . . comments & more!
