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Die Methode der Gleichgewichtsbewegung als Approximationsverfahren

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  • Schlicht, Ekkehart

Abstract

(Approximation by Moving Equilibrium). The analysis of multivariate dynamical models can sometimes be considerably simplified by the assumption that one or several variables move infinitely fast to their equilibrium values. The method is known as the 'moving equilibrium method'. Various dynamical theories that build on equilibrated markets presuppose the validity of this method. The method is discussed and a theorem -- the moving equilibrium theorem -- is provided that establishes the validity of the approximation in the linear case.

Suggested Citation

  • Schlicht, Ekkehart, . "Die Methode der Gleichgewichtsbewegung als Approximationsverfahren," Chapters in Economics,, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muench:3149
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    File URL: https://epub.ub.uni-muenchen.de/3149/1/schlicht_gleichgewichtsbewegung.pdf
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    Citations

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    Cited by:

    1. Tivig, Thusnelda, 1987. "The asset market view on flexible exchange rates: A critical comment," Discussion Papers, Series II 18, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    2. Ruprecht Witzel, 1984. "Overshooting des Wechselkurses, Substituierbarkeit der Finanzaktiva und J-Kurve," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 120(3), pages 436-453, September.
    3. Schlicht, Ekkehart, . "Grundlagen der ökonomischen Analyse," Monographs in Economics, University of Munich, Department of Economics, number 25821, November.
    4. Schlicht, Ekkehart, 1997. "The moving equilibrium theorem again," Economic Modelling, Elsevier, vol. 14(2), pages 271-278, April.
    5. Schlicht, Ekkehart, 2003. "Estimating Time-Varying Coefficients With the VC Program," Discussion Papers in Economics 34, University of Munich, Department of Economics.
    6. Doris Neuberger, 1991. "Risk taking by banks and captial accumulation: A portfolio approach," Journal of Economics, Springer, vol. 54(3), pages 283-303, October.

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