Extent: | application/pdf application/postscript |
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Type of publication: | Book / Working Paper |
Notes: | Type of Document - pdf and ps zip; prepared on UNIX Sparc, pdf and ps; pages: 29 ; figures: included. Using the UK continuous time macroeconometric model, we explore its stability properties, its bifurcation boundaries, and its properties under stabilization policy. Earlier work by Grandmont and others has shown that complex dynamics of various forms can be produced by simple models that have no policy relevancy. We use the UK continuous time macroeconometric model to permit similar analysis with a model that has policy relevancy. 29 pages |
Classification: | C14 - Semiparametric and Nonparametric Methods ; C22 - Time-Series Models ; E37 - Forecasting and Simulation ; E32 - Business Fluctuations; Cycles |
Source: |
Persistent link: https://www.econbiz.de/10005412602