| contributor author | D. Graham | |
| contributor author | V. D. Freeman | |
| date accessioned | 2017-05-08T23:00:27Z | |
| date available | 2017-05-08T23:00:27Z | |
| date copyright | March, 1976 | |
| date issued | 1976 | |
| identifier issn | 0022-0434 | |
| identifier other | JDSMAA-26034#63_1.pdf | |
| identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/88511 | |
| description abstract | We have built and exercised a simple, veridical, macroeconomic model which displays growth and cycles as well as the influence of monetary and fiscal policy. Features of the model comprise a Keynesian structure with capital accumulation, the multiplier and accelerator, a Cobb-Douglas production function, disembodied technical progress, and lags in investment and output. In simulated operation of the model, technical progress drives the geometric growth in output and linear growth in employment. The investment function and lags operate on a random component of demand to produce cycles. The effect of variations in initial conditions, parameter values, and controls is demonstrated. | |
| publisher | The American Society of Mechanical Engineers (ASME) | |
| title | A Macroeconomic Model Displaying Growth and Cycles | |
| type | Journal Paper | |
| journal volume | 98 | |
| journal issue | 1 | |
| journal title | Journal of Dynamic Systems, Measurement, and Control | |
| identifier doi | 10.1115/1.3426987 | |
| journal fristpage | 63 | |
| journal lastpage | 67 | |
| identifier eissn | 1528-9028 | |
| keywords | Cycles AND Accelerators (Additives) | |
| tree | Journal of Dynamic Systems, Measurement, and Control:;1976:;volume( 098 ):;issue: 001 | |
| contenttype | Fulltext | |