Pseudo-Goodwin cycles are master-slave artifacts requiring three variables; the wage-led Minsky model shows a claimed Hopf bifurcation at s=0.
The cycle in y and f drives cyclical behavior in the enslaved variable w
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An Analysis of Pseudo-Goodwin Cycles in a Wage-Led Minsky Model
Pseudo-Goodwin cycles are master-slave artifacts requiring three variables; the wage-led Minsky model shows a claimed Hopf bifurcation at s=0.