In this work, we reconsider the dynamics of a few versions of the classical Samuelson’s multiplier-accelerator model for national economy. First we recall that the classical one with constant governmental expenditure, represented by a linear second-order difference equation, is able to...

Purpose - The current pandemic is difficult to model - and thus difficult to control. In contrast to the previous epidemics, whose dynamics were smooth and well described by the existing models, the statistics of the current pandemic are highly oscillating. The purpose of this paper is to...

In this work, we reconsider the dynamics of a few versions of the classical Samuelson's multiplier-accelerator model for national economy. First we recall that the classical one with constant governmental expenditure, represented by a linear second-order difference equation, is able to generate...

Purpose - The current pandemic is difficult to model - and thus difficult to control. In contrast to the previous epidemics, whose dynamics were smooth and well described by the existing models, the statistics of the current pandemic are highly oscillating. The purpose of this paper is to...