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This article is cited in 1 scientific paper (total in 1 paper)
The dynamic model of the closed society (catches and crisises)
D. S. Chernavskii, N. I. Starkov, A. V. Shcherbakov P. N. Lebedev Physical Institute, Russian Academy of Sciences
Abstract:
The dynamic model of development of the closed society (without external economic activity) in a single-product approximation is considered. The model is based on principles of market economy. Within a model framework that implies the changes of a price is determined by balance of a supply and demand. In generally conditions a state of market equilibrium is shown to be not unique. Several stationary states are possible which are distinguished by a level of production and consumption. The transitions between states are considered as a result of a variation of parameters (parametrical switching) and dynamic variables (so-called force switching) of a model. The effect of an address money issue in a low-yield state is considered. The result of this money issue depends on a size and an address
of one. This action can or give rise a transition in a high-yield state or lead up to an usual inflation without the transition. The connection of these results with the Keynesian and monetary approaches is discussed.
Received: 25.10.2000
Citation:
D. S. Chernavskii, N. I. Starkov, A. V. Shcherbakov, “The dynamic model of the closed society (catches and crisises)”, Mat. Model., 13:11 (2001), 97–115
Linking options:
https://www.mathnet.ru/eng/mm808 https://www.mathnet.ru/eng/mm/v13/i11/p97
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