Asada Toichiro; Chiarella Carl; Flaschel Peter; Mouakil Tarik; Proano C; Semmler Willi
(Wiley-Blackwell, 2011)
This paper presents the `KMGT¿ (Keynes¿Metzler¿Goodwin¿Tobin) portfolio model and studies its stability properties. The approach to macrodynamic modelling taken here extends the KMG model of Chiarella and Flaschel (2000), ...