Stabilizing an Unstable Economy (Chapters 1—2)
نویسندگان
چکیده
منابع مشابه
Comment on : “ Stabilizing an Unstable Economy : On the Choice of Proper Policy Measures ”
The financial crisis that began in the US subprime sector in 2008 has spread all over the world and has meanwhile reached the real sector, too. According to estimates of the International Monetary Fund (2009) world-wide GDP will decline by about 1.3 percent in 2009 before it starts to rise again modestly in 2010. The fact that the severe financial crisis did not lead to an even more drastic dec...
متن کاملComment on “Stabilizing an Unstable Economy: On the Choice of Proper Policy Measures”
In this paper the authors develop and investigate the dynamic behavior of a non-linear macro-dynamic model. In particular, the authors take the ongoing financial crisis as the motivation to study stabilization policy options, since the current financial crisis has underscored once again the importance of the financial sector in the business cycle. The theoretical framework is a Keynesian busine...
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should not be used for the numerical integration of y = /(x, y) if /„ < 0 along the true solution y(x) although the solution of ( 1 ) converges to y(x) for fixed finite x as h —» 0 (see, e.g., [1]). In fact, rapid oscillations, with an amplitude increasing exponentially as the numerical integration proceeds, will supersede the values approximating?/ (x) and eventually destroy the meaningfulness...
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We present a control scheme that is able to find and stabilize an unstable chaotic regime in a system with a large number of interacting particles. This allows us to track a high dimensional chaotic attractor through a bifurcation where it loses its attractivity. Similar to classical delayed feedback control, the scheme is noninvasive, however only in an appropriately relaxed sense considering ...
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Controlling chaos has become a challenging topic in nonlinear dynamics. It has been studied in many scientific and engineering fields such as physics, chemistry, electrical circuit, etc., and several extension and applications of the original OGY control method [1] have been reported [2–6]. Chua’s circuit is known as an electrical circuit and having the ability of generating chaos [7]. Recent r...
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ژورنال
عنوان ژورنال: Economic Policy (in Russian)
سال: 2016
ISSN: 1994-5124
DOI: 10.18288/1994-5124-2016-2-03