Business cycle dynamics : Models and tools

Business cycle dynamics : Models and tools

Author
Tönu Puu, Iryna Sushko
Publication Year
2006
Publisher
Springer
Language
English
Document Type
Book
Faculty / Subject Heading
Business Administration

Business cycle theory has been one of the fastest growing fields in modern nonlinear economic dynamics. The book is centered around models of multiplier-accelerator type, emerging from Samuelson's seminal work, later developed into nonlinear formats by Hicks and Goodwin. These models left open ends, as the tools then available did not permit more systematic analysis.


Keywords: Business and Economics / Business Cycle Models / Hicksian Floor and Ceiling / Multiplier-Accelerator Models / Non-linear Dynamical Systems / Oligopol / Bifurcation / Calculus / Dynamics / Economic dynamics