Tramontana, Fabio; Gardini, Laura - In: Journal of economic structures : JES; the official … 10 (2021), pp. 1-15
In this work, we reconsider the dynamics of a few versions of the classical Samuelson’s multiplier-accelerator model for national economy. First we recall that the classical one with constant governmental expenditure, represented by a linear second-order difference equation, is able to...