Chapter 2 A General Keynes-Wicksell-Goodwin (KWG) Model of Monetary Growth
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In chapter 2 we briefly present a general Keynes--Wicksell--Goodwin model based on passive inventory holdings. We know from earlier work the model's capabilities for generating complex dynamics (strange attractors, not chaos). Continuous time has much more powerful tools to prove local stability in high-order macro-dynamics as our cascade of stable matrices approach, sketched in this introductory chapter, shows. This prepares the ground for its much more detailed application in later chapters of this book.

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