On stability in generalized Schinasi’s macroeconomic model under fixed exchange rates
e | 12 nov 2012
Tatra Mountains Mathematical Publications
Differential and Difference Equations and Applications 2008
INFORMAZIONI SU QUESTO ARTICOLO
Pubblicato online: 12 nov 2012
Pagine: 115 - 122
DOI: https://doi.org/10.2478/v10127-009-0031-8
Parole chiave
This content is open access.
A nonlinear dynamic macroeconomic model of a small open economy is constructed. The model is based on the IS-LM structure and generalizes the Schinasi’s model of a closed economy. Sufficient conditions for the existence of the equilibrium of the model are found and the question of its stability is analyzed.