The Samuelson macroeconomic model as a singular linear matrix difference equation

In this paper, we revisit the famous classical Samuelson's multiplier-accelerator model for national economy. We reform this model into a singular discrete time system and study its solutions. The advantage of this study gives a better understanding of the structure of the model and more deep and elegant results.

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Year of publication:	2020
Authors:	Ortega, Fernando ; Barros, Maria Filomena
Published in:	Journal of Economic Structures. - Heidelberg : Springer, ISSN 2193-2409. - Vol. 9.2020, 36, p. 1-10
Publisher:	Heidelberg : Springer
Subject:	Samuelson \| Macroeconomic \| Singular \| System \| Difference equations

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1186/s40008-020-00207-3 [DOI] 1726578097 [GVK] hdl:10419/261583 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10013288313