Discrete Time or Continuous Time, That is the Question: the Case of Samuelson’s Multiplier-Accelerator Model

A basic problem in economic dynamics is the choice of continuous-time or discrete-time in mathematical modeling. In this paper, we study the continuous-time Samuelson’s multiplier-accelerator model and compare this continuous-time model with its classical discrete-time model. We find that time scales have an influence on the perfect symmetry of periodic motion.

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Year of publication:	1998-01-04
Authors:	Luo, Yinghao

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Luo, Yinghao (1998): Discrete Time or Continuous Time, That is the Question: the Case of Samuelson’s Multiplier-Accelerator Model.
Classification:	B41 - Economic Methodology ; C02 - Mathematical Methods ; E1 - General Aggregative Models ; E2 - Consumption, Saving, Production, Employment, and Investment ; E32 - Business Fluctuations; Cycles ; H5 - National Government Expenditures and Related Policies
Source:	BASE

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