Bosi, Stefano; Ragot, Lionel - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009
In this paper, we apply first and higher-order Euler discretizations to compare dynamic systems in discrete and continuous time. In addition, we stress the difference between backward and forward-looking approximations. Focussing on local bifurcations, we find that time representation is neutral...
