Munich Personal RePEc Archive

Discrete Time or Continuous Time, That is the Question: the Case of Samuelson’s Multiplier-Accelerator Model

Luo, Yinghao (1998): Discrete Time or Continuous Time, That is the Question: the Case of Samuelson’s Multiplier-Accelerator Model.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_74738.pdf

Download (344kB) | Preview

Abstract

A basic problem in economic dynamics is the choice of continuous-time or discrete-time in mathematical modeling. In this paper, we study the continuous-time Samuelson’s multiplier-accelerator model and compare this continuous-time model with its classical discrete-time model. We find that time scales have an influence on the perfect symmetry of periodic motion.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.