The first is coming Nathan, but the second can already be implemented as a
first order time lag in continuous time.
Take for example inflation and argue that workers respond to inflation with
a time lag of say six months or half a year. Define inflation as per usual
as the percentage rate of change of prices now so you have the variable Inf.
Then define "LagInf" as a lagged convergence to this value over time. If
the time lag is six months then the equation would be
d/dt LagInf = -1/lag * (Inf - LagInf)
This can easily be wired in Minsky now.
Best, Steve
Professor Steve Keen
www.debtdeflation.com/blogs
@ProfSteveKeen
Ph (W) +612-9699-2828
Ph (M) +61-425-248-089
On 22 July 2013 08:23, nathan tankus <nat...@gm...> wrote:
> I've been used Minsky for a while now. I quite like it. I have two
> issues though.
>
> 1) conditional operators would be quite helpful (ie unemployment rate
> can't go below zero or above 1)
>
> 2) lags where the value of something at time t is conditional upon
> another variable (or itself) at time t-1
>
>
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