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Business Cycle Dynamics: Models and Tools
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
Institute of Mathematics, National Academy of Sciences of Ukraine, Ukraine.
2006 (English)Collection (editor) (Other academic)
Place, publisher, year, edition, pages
Berlin: Springer-Verlag , 2006. , 336 p.
Keyword [en]
Business Cycle Models, Hicksian Floor and Ceiling, Multiplier-Accelerator Models, Non-linear Dynamical Systems
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-24905ISBN: 978-3-540-32167-5 (print)ISBN: 3-540-32167-5 (print)OAI: oai:DiVA.org:umu-24905DiVA: diva2:228058
Note
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. The present situation is different, due to the emergence of new methods also focusing global analysis. The focus on classical, causal or recursive models implies a deviation from current main stream business cycle theory, based on "rational expectations", which in view of the possibility of mathematical chaos becomes untenable. This book is a rejoinder to Puu and Sushko, Oligopoly Dynamics - Models and Tools, (Springer 2002). Available from: 2009-07-23 Created: 2009-07-23 Last updated: 2009-07-23

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http://www.springer.com/economics/macroeconomics/book/978-3-540-32167-5

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Puu, Tönu

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CiteExportLink to record
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Cite
Citation style
  • apa
  • ieee
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Language
  • de-DE
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  • nn-NB
  • sv-SE
  • Other locale
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Output format
  • html
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  • asciidoc
  • rtf