The Samuelson macroeconomic model as a singular linear matrix difference equation
Fernando Ortega and
Maria Filomena Barros ()
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Fernando Ortega: Universitat Autonoma de Barcelona
Maria Filomena Barros: Universitat Autonoma de Barcelona
Journal of Economic Structures, 2020, vol. 9, issue 1, 1-10
Abstract:
Abstract In this paper, we revisit the famous classical Samuelson’s multiplier–accelerator model for national economy. We reform this model into a singular discrete time system and study its solutions. The advantage of this study gives a better understanding of the structure of the model and more deep and elegant results.
Keywords: Samuelson; Macroeconomic; Singular; System; Difference equations (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:jecstr:v:9:y:2020:i:1:d:10.1186_s40008-020-00207-3
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DOI: 10.1186/s40008-020-00207-3
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