Whatever happened to the 'Goodwin pattern'? Profit squeeze dynamics in the modern American labour market

M Setterfield - Review of Political Economy, 2023 - Taylor & Francis
The 'Goodwin pattern'—an anti-clockwise rotation in real activity× wage share space
recurring at intervals that correspond roughly to the duration of business cycles—is an …

[HTML][HTML] Invited ArticleThe neo-Goodwinian model reconsidered

M Cauvel - European Journal of Economics and Economic …, 2022 - elgaronline.com
This paper examines the relationship between aggregate demand and the wage share in
the US using a vector autoregression methodology. It finds evidence of Goodwin-cycle …

The macrodynamics of an endogenous business cycle model of Marxist inspiration

JC Guijarro, L Vera - Structural Change and Economic Dynamics, 2022 - Elsevier
This study offers a model that formalizes some of Marx's insights about how capital
accumulation generates contradictions that may reproduce never-ending cycles of booms …

[HTML][HTML] Poder, intensidad del trabajo y crisis en un modelo marxista de ciclos endógenos

J Cajas Guijarro - El trimestre económico, 2023 - scielo.org.mx
Este trabajo reinterpreta algunas intuiciones de Marx mediante un modelo de ciclos
endógenos en tres dimensiones: tasa de empleo, participación salarial e intensidad del …

[HTML][HTML] A goodwin model modification and its interactions in complex networks

FY Rodríguez, AP Muñuzuri - Entropy, 2023 - mdpi.com
The global economy cannot be understood without the interaction of smaller-scale
economies. We addressed this issue by considering a simplified economic model that still …

An Extended Goodwin Model with Endogenous Technical Change and Labor Supply

JC Guijarro - Structural Change and Economic Dynamics, 2024 - Elsevier
This paper extends the Goodwin model of distributive cycles by incorporating the
simultaneous endogeneity of technical change and labor supply within a classical-Marxian …

[HTML][HTML] Feedback dynamic control for exiting a debt-induced spiral in a deterministic Keen model

I Perez Avellaneda, F Rosales, LA Duffaut Espinosa - Plos one, 2024 - journals.plos.org
The Keen model is designed to represent an economy as a dynamic system governed by
the interactions between private debt, wage share, and employment rate. When certain …

Is the Hamilton regression filter really superior to Hodrick–Prescott detrending?

R Franke, J Kukacka, S Sacht - Macroeconomic Dynamics, 2022 - cambridge.org
An article published in 2018 by JD Hamilton gained significant attention due to its
provocative title,“Why you should never use the Hodrick-Prescott filter.” Additionally, an …

Testing a Goodwin's model with capacity utilization to the US economy

RA Araujo, HN Moreira - … in Economics: An Interdisciplinary Approach to …, 2021 - Springer
We present an extension of the Goodwin growth-cycle model that considers the rate of
capacity utilization as a new variable in an adapted Lotka–Volterra system of differential …

[PDF][PDF] An exploration of neo-Goodwinian theory of cyclical growth

C Rada, A Shiavone, R von Arnim - 2024 - economicpolicyresearch.org
Neo-Goodwinian theory builds on and extends the classical growth cycle (Goodwin, 1967). It
facilitates investigation of short run business cycles and long run economic growth in a …