Munich Personal RePEc Archive

Mathematical model of the Greek crisis

Krouglov, Alexei (2015): Mathematical model of the Greek crisis.

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Abstract

Presented is a simplified mathematical model of the Greek economy with a reduced description of different stages of the current Greek crisis. Explored are conditions where a stream of investments can pull economy from the crisis. It has been theoretically proven that an investment in the benign conditions where demand is sustained produces higher nominal economic growth than an investment in the austere conditions where demand is cut.

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