Hysteresis in economics is up to now usually based on a representation of a system with only a single input variable … physics) by a vector-hysteresis system, with an input vector of two ore more variables. Unfortunately, these models are quite … of alternatives (e.g. present values of investments), this can be used to reduce the dimensions of the hysteresis system …

the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis … hysteresis effects on a macroeconomic level. Based on our simple model we are able to obtain some conclusions about the efficacy …

the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis … hysteresis effects on a macroeconomic level. Based on our simple model we are able to obtain some conclusions about the efficacy …

the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis … hysteresis effects on a macroeconomic level. Based on our simple model we are able to obtain some conclusions about the efficacy …

direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the … interest rate-investment hysteresis relationship. Starting with hysteresis effects on a microeconomic level of a single firm …, we apply an explicit aggregation procedure to derive the interest rate-hysteresis effects on a macroeconomic level. Based …

level of a single firm and use explicit aggregation tools from hysteresis theory in mathematics and physics to calculate … example. These adjustment costs lead to a dynamic supply pattern similar to hysteresis. In analogy to "hysteresis losses" in … dynamic losses. We show that strong market fluctuations generate disproportionately large hysteresis losses for producers …

the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis … hysteresis effects on a macroeconomic level. Based on our simple model we are able to obtain some conclusions about the efficacy …

direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the … interest rate-investment hysteresis relationship. Starting with hysteresis effects on a microeconomic level of a single firm …, we apply an explicit aggregation procedure to derive the interest rate-hysteresis effects on a macroeconomic level. Based …

the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis … hysteresis effects on a macroeconomic level. Based on our simple model we are able to obtain some conclusions about the efficacy …