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Modifications of the Samuelson Economic Cycle Model

Paulina Naumowicz

Naumowicz, Paulina

and

Miroslava Růžičková

Růžičková, Miroslava

Jun 28, 2023

Modifications of the Samuelson Economic Cycle Model's Cover Image

Tatra Mountains Mathematical Publications

Volume 84 (2023): Issue 2 (June 2023)

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Published Online: Jun 28, 2023

Page range: 45 - 60

Received: Jan 06, 2023

DOI: https://doi.org/10.2478/tmmp-2023-0015

Keywords
difference equations, Samuelson multiplier-accelerator model, national income, equilibrium point, region of stability

© 2023 Paulina Naumowicz et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The paper presents an analysis of modifications of the standard discrete Samuelson model with determination of the stability of the equilibrium point. The stability region of the equilibrium point depending on the parameters contained in each model is determined using the Schur-Cohn stability criterion.

Language:: English

Publication timeframe:: 3 times per year
Journal Subjects:: Mathematics, General Mathematics

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