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The Z-transform method for multidimensional dynamic economic systems

By: Contributor(s): Material type: TextTextSeries: Applied Economics Letters ; Volume , number ,New York Taylor & Francis 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
Subject(s): Online resources: Summary: This article uses the Z-transform to develop a method for solving the linearised multidimensional discrete-time systems, which can be used to discuss the effects of policies on economy (including the welfare gains and initial effects on economy) raised by multi-sector perfect-foresight-discrete-time models. Our method is not restricted to the dimension of the dynamic system, and it can not only analyse the effect of permanent policy change on the economy but also can be used to analyse the effect of temporal policy change on the economy. As an application example, we analyse the effects of fiscal policy on the initial economy and social welfare in the discrete-time Uzawa–Lucas model.
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Item type Current library Call number Vol info Status Notes Date due Barcode
Journal Article Journal Article Main Library - Special Collections HB1.A666 APP (Browse shelf(Opens below)) Vol.20 , No.10 - 12 (Aug 2013) Not for loan For In House Use Only

This article uses the Z-transform to develop a method for solving the linearised multidimensional discrete-time systems, which can be used to discuss the effects of policies on economy (including the welfare gains and initial effects on economy) raised by multi-sector perfect-foresight-discrete-time models. Our method is not restricted to the dimension of the dynamic system, and it can not only analyse the effect of permanent policy change on the economy but also can be used to analyse the effect of temporal policy change on the economy. As an application example, we analyse the effects of fiscal policy on the initial economy and social welfare in the discrete-time Uzawa–Lucas model.

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