Overview

"Business cycle theory has been one of the fastest growing fields in modern nonlinear economic dynamics. The book is centered around models of multiplier-accelerator type, emerging from Samuelson's seminal work, later developed into nonlinear formats by Hicks and Goodwin. These models left open ends, as the tools then available did not permit more systematic analysis. The present situation is different, due to the emergence of new methods also focusing global analysis. The focus on classical, causal or recursive models implies a deviation from current main stream business cycle theory, based on ""rational expectations"", which in view of the possibility of mathematical chaos becomes untenable. This book is a rejoinder to Puu and Sushko, Oligopoly Dynamics - Models and Tools, (Springer 2002)."

Full Product Details

Author:   Iryna Sushko
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Edition:   Softcover reprint of hardcover 1st ed. 2006
Dimensions:   Width: 15.50cm , Height: 2.00cm , Length: 23.50cm
Weight:   0.528kg
ISBN:  

9783642068799

ISBN 10:   3642068790
Pages:   336
Publication Date:   14 October 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Aims and Scope.- Some Methods for the Global Analysis of Closed Invariant Curves in Two-Dimensional Maps.- Center Bifurcation for a Two-Dimensional Piecewise Linear Map.- Short History of the Multiplier-Accelerator Model.- Multiplier-Accelerator Models with Random Perturbations.- Non-Autonomous Business Cycle Model.- The Hicksian Model with Investment Floor and Income Ceiling.- Growth Cycles in a Modified Hicksian Business Cycle Model.- Coexistence of Attractors and Homoclinic Loops in a Kaldor-Like Business Cycle Model.- Expectations and the Multiplier-Accelerator Model.- ‘Floors’ and/or ‘Ceilings’ and the Persistence of Business Cycles.- A Goodwin-Type Model with Cubic Investment Function.- A Goodwin-Type Model with a Piecewise Linear Investment Function.

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