Business cycle model on the basis of “systems potential” method
AbstractThe new business cycle three-dimensional model is formulated on the basis of new system approach known as the System Potential Method. Cyclical dynamics with catastrophe jumps (alike to Varian' model) and some stochastic properties is described. Properties of such cycles are similar to the properties of the typical business cycle.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0502015.
Length: 5 pages
Date of creation: 05 Feb 2005
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Note: Type of Document - pdf; pages: 5. pdf-file (russian version)
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business cycle model; catastrophe theory; economic potential;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-16 (All new papers)
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