ON THE EXISTENCE OF BUSINESS CYCLES IN SLOVAK ECONOMY

被引：0

作者：

Ciskova, Petra ^{[1
]}

Zimka, Rudolf ^{[1
]}

机构：

[1] Matej Bel Univ, Fac Econ, Dept Quantitat Methods & Informat Syst, Tajovskeho 10, Banska Bystrica 97590, Slovakia

来源：

21ST AMSE: APPLICATIONS OF MATHEMATICS AND STATISTICS IN ECONOMICS | 2018年

关键词：

dynamic model; equilibrium; stability; business cycles; MODEL;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In the paper, a simple Asada' s macroeconomic model of monetary policy describing the development of the nominal rate of interest and the expected rate of inflation is investigated. The normal equilibrium point of the model is derived and its dynamic stability is studied in conditions of Slovak economy. Questions concerning the existence of business cycles are examined rigorously. The bifurcation equation is found. The formulae for the calculation of its coefficients are gained. Theorem on the existence of limit cycles is stated. A numerical example utilizing the macroeconomic data of Slovak economy from the years 2005-2017 is presented by means of numerical simulations.

引用

页码：61 / 75

页数：15

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