Prototypes, Reality and the Growth Rate of Autonomous Consumption Expenditures: A Rejoinder

被引:24
作者
Lavoie, Marc [1 ,2 ]
机构
[1] Univ Ottawa, Econ, Univ 120, Ottawa, ON K1N 6N5, Canada
[2] Univ Paris 13, F-93430 Villetaneuse, France
关键词
INSTABILITY; MODELS;
D O I
10.1111/meca.12152
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:194 / 199
页数:6
相关论文
共 18 条