Inflation development model

Using Leontief’s model, a complex price inflation model is developed that represents the inflation process as a dynamic process of varying the type of economic equilibrium. It is shown that the rate of inflation and the asymptotically stable vector of prices are determined by the Perron eigenvalue a...

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Veröffentlicht in:Journal of computer & systems sciences international 2012-09, Vol.51 (5), p.681-694
Hauptverfasser: Leonov, V. Yu, Mednitskii, V. G., Mednitskii, Yu. V., Pitelin, A. K.
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Sprache:eng
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Zusammenfassung:Using Leontief’s model, a complex price inflation model is developed that represents the inflation process as a dynamic process of varying the type of economic equilibrium. It is shown that the rate of inflation and the asymptotically stable vector of prices are determined by the Perron eigenvalue and the corresponding left-hand side eigenvector of a semipositive matrix that is constructed based on the input-output balance indicators.
ISSN:1064-2307
1555-6530
DOI:10.1134/S1064230712040089