Relaxation Oscillations in New IS-LM Model
Dynamical Systems
2019-03-21 v1
Abstract
In this paper, we create new version of IS-LM model. The original IS-LM model has two main deficiencies: assumptions of constant price level and of strictly exogenous money supply. New IS-LM model eliminates these deficiencies. In the second section, we prove the existence of relaxation oscillations in this new IS-LM model.
Cite
@article{arxiv.1203.1020,
title = {Relaxation Oscillations in New IS-LM Model},
author = {Barbora Volná},
journal= {arXiv preprint arXiv:1203.1020},
year = {2019}
}
Comments
20 pages, 10 figures