Relaxation Oscillations in New IS-LM Model

Autor:	Volná, Barbora
Rok vydání:	2012
Předmět:	Mathematics - Dynamical Systems 91B50 91B55
Zdroj:	Applicable Analysis 95 (3) (2016), 661-667
Druh dokumentu:	Working Paper
DOI:	10.1080/00036811.2015.1026336
Popis:	In this paper, we create new version of IS-LM model. The original IS-LM model has two main deficiencies: assumptions of constant price level and of strictly exogenous money supply. New IS-LM model eliminates these deficiencies. In the second section, we prove the existence of relaxation oscillations in this new IS-LM model. Comment: 20 pages, 10 figures
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/1203.1020 Zobrazit plný text záznamu View this record from Arxiv