The Speed Of Adjustment and Robust Stability of Macroeconomic Systems
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.
Volume (Year): 3 (1996)
Issue (Month): 5 ()
|Contact details of provider:|| Web page: http://ces.utia.cas.cz|
More information through EDIRC
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 references are entirely missing, you can add them using this form.