Presented here is the mathematical model of business fluctuations, which can be observed in the Economy described by the Input-Output Model of Wassily Leontief. These fluctuations are obtained as a solution of the corresponding matrix differential equations, which interrelate commodities' demand, production, and prices.
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Paper provided by EconWPA in its series Macroeconomics with number
9807007.
Length: 9 pages Date of creation: 20 Jul 1998 Date of revision: Handle: RePEc:wpa:wuwpma:9807007
Note: 9 pages, Microsoft Word Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
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