Prototypes, reality and the growth of autonomous expenditures: a rejoinder

Abstract : I respond to Skott’ (2016) main comments on Lavoie (2016), which are: first, when calibrating with plausible parameter values, the stabilizing mechanism is unlikely to operate; second, in the analysis of the simple model, I have omitted the second stationary solution; third, he implies that the constraints that need to be imposed on my simple and complex models are in contradiction with each other. I argue that Skott confutes prototypes and reality; that the second stationary solution is of little interest; and that the constraints that need to be imposed on the simple and complex variants of the model are not in contradiction with each other.
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Article dans une revue
Metroeconomica, Wiley, 2017
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https://hal-univ-paris13.archives-ouvertes.fr/hal-01435724
Contributeur : Pascal Seppecher <>
Soumis le : dimanche 15 janvier 2017 - 13:56:29
Dernière modification le : jeudi 11 janvier 2018 - 06:23:32

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  • HAL Id : hal-01435724, version 1

Citation

Marc Lavoie. Prototypes, reality and the growth of autonomous expenditures: a rejoinder. Metroeconomica, Wiley, 2017. 〈hal-01435724〉

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