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Economics / Multiplier / Rational expectations / Keynesian economics / Business cycle / Macroeconomics / Accelerator effect / Marginal propensity to consume


9 Expectations and the Multiplier-Accelerator Model Marji Lines and Frank Westerhoff 9.1 Introduction In this paper we investigate how a simple expectations mechanism modifies the basic dynamical structure of the multipl
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Document Date: 2011-02-20 13:38:06


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United States / India / China / /

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monotonic and oscillatory solutions / open-source software iDMC / /

Person

Frank Westerhoff / Marji Lines / Alfredo Medio / /

Position

model / /

URL

www.dss.uniud.it/nonlinear / /

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