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On economic model of cycles
Vošvrda, Miloslav
The van der Pol's equation with an appropriate feedback is applied to forming of a model of economic cycles. The model exhibits the ability of the savings and investments to give output in a limit cycle by a bifurcation. According to the life cycle hypothesis, the households will have constant, or will continuously increase, the marginal propensity to saving. The savings deviation is accelerated in relation with the gap between the GDP and its potential value.

National Repository of Grey Literature : 111 records found   beginprevious88 - 97nextend  jump to record:
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