Dassios, Ioannis; Zimbidis, Alexandros; Kontzalis, … - In: Journal of economic structures : JES; the official … 3 (2014), pp. 1-24
This paper extends the classical Samuelson multiplier-accelerator model for national economy. Actually, this new modeling structure removes the basic shortcoming of the original model producing stable business cycles when realistic values of the parameters (multiplier, accelerator) are entered...