Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Speed Of Adjustment and Robust Stability of Macroeconomic Systems


Author Info

  • Karel Sladký
  • Miloslav Vošvrda


In this contribution we illustrate some applications oť the theory oť linear systems with interval uncertainties to the stability and speed oť adjustment analysis oť some macroeconomic models. In particular, we ťocus our attention on the Keynes and neoclassical systems, as well as on the Walras-Keynes-Phillips model and show how the interval uncertainties arising in the respective adjustment equations can infiuence the adjustment mechanism and stability margins oť the macroeconomic equilibrium.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Article provided by The Czech Econometric Society in its journal Bulletin of the Czech Econometric Society.

Volume (Year): 3 (1996)
Issue (Month): 5 ()

as in new window
Handle: RePEc:czx:journl:v:3:y:1996:i:5:id:37

Contact details of provider:
Web page:
More information through EDIRC

Related research

Keywords: Macroeconomic models; Keynesian system; neoclassical system; Walras-KeynesPhillips model; adjustment mechanism; nonlinear differential equations; linearization; interval uncertainty; linear differential equations; asymptotical stability; stability margins;


No references listed on IDEAS
You can help add them by filling out this form.



This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:czx:journl:v:3:y:1996:i:5:id:37. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jozef Barunik).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.