The Samuelson's model as a singular discrete time system

In this paper we revisit the famous classical Samuelson's multiplier-accelerator model for national economy. We reform this model into a singular discrete time system and study its solutions. The advantage of this study gives a better understanding of the structure of the model and more deep an...

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Hauptverfasser: Apostolopoulos, Nicholas, Ortega, Fernando, Kalogeropoulos, Grigoris
Format: Artikel
Sprache:eng
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Zusammenfassung:In this paper we revisit the famous classical Samuelson's multiplier-accelerator model for national economy. We reform this model into a singular discrete time system and study its solutions. The advantage of this study gives a better understanding of the structure of the model and more deep and elegant results.
DOI:10.48550/arxiv.1705.01350