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Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations
Unique Solutions Stochastic Macroeconomic Models
2015/8/5
This paper examines conditions for the uniqueness of an equilibrium price distribution in
stochastic macroeconomic models with rational expectations. A model is developed in
which many price distrib...
Neokeynesian and Neoclassical Macroeconomic Models: Stability and Lyapunov Experiments
macroeconomic models Keynesian and Classical model non-linear differential equations
2009/7/17
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 the dynamic prop...