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Conference Paper (international conference)

Extended Kalecki-Kaldor model revisited

Kodera Jan, Sladký Karel, Vošvrda Miloslav

: Proceedings of the 21st International Conference Mathematical Methods in Economics 2003, p. 160-165 , Eds: Houška M.

: Czech University of Agriculture, (Prague 2003)

: MME 2003, (Prague, CZ, 10.09.2003-12.09.2003)

: CEZ:AV0Z1075907

: GA402/01/0034, GA ČR, IAA7075202, GA AV ČR

: macroeconomic models, Keynesian systems, nonlinear differential equations

(eng): This contribution is devoted to an extended Kalecki-Kaldor model. Differential equations for the development of the real product (output) and capital stock of the economy are formulated for a given value of the inflation rate. A dynamical model of money market is considered either the LM model or the Fisherian model. Stability and robustness are analysed for the complete model.

: 05D

: AH