Modifications of the Samuelson economic cycle model

Paulina Naumowicz, Miroslava Růžičková

Abstract


The paper presents an analysis of modifications of the standard discrete Samuelson model with determination of the stability of the equilibrium point. The stability region of the equilibrium point depending on the parameters contained in each model is determined using the Schur-Cohn stability criterion

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DOI: https://doi.org/10.2478/tmmp-2023-0015