Barros, Maria Filomena; Ortega, Fernando - In: Journal of economic structures : JES; the official … 8 (2019) 29, pp. 1-10
This paper studies the equilibrium of an extended case of the classical Samuelson’s multiplier–accelerator model for national economy. This case has incorporated some kind of memory into the system. We assume that total consumption and private investment depend upon the national income...