Business Cycle and Conserved Quantity in Economics

Masa-aki Taniguchi, Masako Bando and Akihiro Nakayama

Papers from arXiv.org

Abstract: We propose a dynamical model for business cycle based on an optimal DI model. In the model there exists a conserved quantity, which corresponds to the total energy in a dynamical system. We found that the business cycle with the period 6 or 7 years is nicely reproduced, since the model predicts a periodic motion in the conservative system.

Date: 2008-03
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:0803.1916

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