Business cycle model on the basis of “systems potential” method
The 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.
|Date of creation:||05 Feb 2005|
|Date of revision:|
|Note:||Type of Document - pdf; pages: 5. pdf-file (russian version)|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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