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

Yinghao Luo ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Samuelson’s multiplier-accelerator model; time scales; perfect symmetry (search for similar items in EconPapers)
JEL-codes: B41 C02 E1 E2 E32 H5 (search for similar items in EconPapers)
Date: 1998-01-04
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https://mpra.ub.uni-muenchen.de/74493/1/MPRA_paper_74493.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/74738/1/MPRA_paper_74738.pdf revised version (application/pdf)

Related works:
Journal Article: DISCRETE TIME OR CONTINUOUS TIME, THAT IS THE QUESTION: THE CASE OF SAMUELSON’S MULTIPLIER-ACCELERATOR MODEL (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:74493

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