Inflation and Speculation in a Dynamic Macroeconomic Model
AbstractWe study a monetary version of the Keen model by merging two alternative extensions, namely the addition of a dynamic price level and the introduction of speculation. We recall and study old and new equilibria, together with their local stability analysis. This includes a state of recession associated with a deflationary regime and characterized by falling employment but constant wage shares, with or without an accompanying debt crisis. View Full-Text
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Grasselli, M.R.; Huu, A.N. Inflation and Speculation in a Dynamic Macroeconomic Model. J. Risk Financial Manag. 2015, 8, 285-310.
Grasselli MR, Huu AN. Inflation and Speculation in a Dynamic Macroeconomic Model. Journal of Risk and Financial Management. 2015; 8(3):285-310.Chicago/Turabian Style
Grasselli, Matheus R.; Huu, Adrien N. 2015. "Inflation and Speculation in a Dynamic Macroeconomic Model." J. Risk Financial Manag. 8, no. 3: 285-310.