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Tinbergen's contribution to business-cycle theory and policy

✍ Scribed by P. de Wolff

Publisher
Springer
Year
1970
Tongue
English
Weight
799 KB
Volume
118
Category
Article
ISSN
0013-063X

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πŸ“œ SIMILAR VOLUMES

Catastrophe theory: An application to a
Catastrophe theory: An application to a business cycle model
✍ H. Khademian πŸ“‚ Article πŸ“… 1988 πŸ› Elsevier Science 🌐 English βš– 450 KB

This paper examines the discontinuity conditions of equilibria in singular economies. A parameterized differential equation system is used to describe business cycles. It is shown that the qualitative behavior of the system is sensitive to particular parameters and cusp catastrophes may occur.