On stability in generalized Schinasi’s macroeconomic model under fixed exchange rates
oraz | 12 lis 2012
Tatra Mountains Mathematical Publications
Differential and Difference Equations and Applications 2008
O artykule
Data publikacji: 12 lis 2012
Zakres stron: 115 - 122
DOI: https://doi.org/10.2478/v10127-009-0031-8
Słowa kluczowe
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.