On stability in generalized Schinasi’s macroeconomic model under fixed exchange rates
Open Access
|Nov 2012Abstract
A nonlinear dynamic macroeconomic model of a small open economy is constructed. The model is based on the IS-LM structure and generalizes the Schinasi’s model of a closed economy. Sufficient conditions for the existence of the equilibrium of the model are found and the question of its stability is analyzed.
Language: English
Page range: 115 - 122
Published on: Nov 12, 2012
Published by: Slovak Academy of Sciences, Mathematical Institute
In partnership with: Paradigm Publishing Services
Publication frequency: 3 times per year
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© 2012 Katarína Makovínyiová, Rudolf Zimka, published by Slovak Academy of Sciences, Mathematical Institute
This work is licensed under the Creative Commons License.