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  • Search: subject:"Lyapunovexponents"
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Keynesian and Classical model 1 Lyapunovexponents 1 Macroeconomic models 1 asymptotical stability 1 linearization 1 nonlinear differential equations 1
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Kodera, Jan 1 Sladký, Karel 1 Vošvrda, Miloslav 1
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Bulletin of the Czech Econometric Society 1
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Neo-Keynesian and Neo-Classical Macroeconomic Models: Stability and Lyapunov Exponents
Kodera, Jan; Sladký, Karel; Vošvrda, Miloslav - In: Bulletin of the Czech Econometric Society 14 (2007)
The non-linear approach to economic dynamics enables us to study traditional economic models using modified formulations and different methods of solution. In this article we compare dynamical properties of Keynesian and Classical macroeconomic models. We start with an extended dynamical IS-LM...
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