✦ LIBER ✦
Some results for the comparative statics of steady states of higher-order discrete dynamic systems
✍ Scribed by Raaj Sah
- Publisher
- Elsevier Science
- Year
- 2000
- Tongue
- English
- Weight
- 106 KB
- Volume
- 24
- Category
- Article
- ISSN
- 0165-1889
No coin nor oath required. For personal study only.
✦ Synopsis
Higher-order discrete dynamic systems arise naturally in many economic models in which the problem at hand requires an explicit treatment of dynamics involving lags of more than one period. In studying such models, one type of analysis that economists are often interested in is the assessment of the signs and the magnitudes of the e!ects of a change in the parameters of the dynamic system on the stable steady states of the system. This paper presents some results for such comparative statics analysis. Brief remarks explain the results and illustrate their potential economic usefulness.