Thanks Duncan,
I was also getting the feeling that we weren't too far from each other here.
When I finally get the time to write the software I'll need to simulate the
model, I'll let you know how it goes!
>Reply to Steve:
>
>I don't think we're far off at this point. Since I haven't seen the
>model, I don't know the details, but it sounds as though you let the
>value of money drift over time in response to macroeconomic variables,
>which is certainly reasonable. I continue to think that speculative
>forces have a mediating role in this drifting and that we would benefit
>by understanding that more transparently.
>
>Duncan
>
>
Steve Keen
Senior Lecturer
Economics & Finance
University of Western Sydney
PO Box 555 Campbelltown NSW 2560
Australia
s.keen@uws.edu.au (046) 20-3016 Fax (046) 26-6683
________________________________________________________________