Dynamic Single Country Models

Anna Nagurney and Stavros Siokos
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Anna Nagurney: University of Massachusetts
Stavros Siokos: University of Massachusetts

Chapter 8 in Financial Networks, 1997, pp 218-249 from Springer

Abstract: Abstract In this chapter we begin the dynamic modeling of single country, multi-sector, multi-instrument financial problems. We utilize, as the basis, the models of Chapters 6 and 7, but we develop their dynamic counterparts. The methodology that we utilize in this chapter is now that of projected dynamical systems (cf. Chapter 4). In this chapter we are interested in the dynamic modeling of such financial systems, their stability analysis, as well as computational procedures. The financial models of the preceding two chapters are important since the sets of stationary points of the projected dynamical systems that we will present here will coincide with the sets of solutions to the corresponding variational inequality problem derived earlier.

Keywords: Utility Function; Variational Inequality; Euler Method; Adjustment Process; Variational Inequality Problem (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-59066-5_8

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DOI: 10.1007/978-3-642-59066-5_8

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