Mathematical model of the Greek crisis

Alexei Krouglov ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Greek crisis; investment; modeling (search for similar items in EconPapers)
JEL-codes: E22 E32 G01 (search for similar items in EconPapers)
Date: 2015-08-14
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:66115

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