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Nonlinear Dynamic and Stochastics of Economics Systems: Equilibria, Stability, and Bifurcations

Agentura: 
GACR
Identifikační číslo: 
GA402/06/0990
Zahájení: 
01.01.2006
Ukončení: 
01.01.2008
Zaměření projektu.: 
teoretický
Typ projektu (EU): 
other
Abstrakt: 
Economic systems exhibit many types of bifurcations such as pitchfork bifurcations in the tatonement process, transcritical bifurcations in the Bergstrom-Newman-Wymer continuous-time macroeconometric model, Hopf bifurcations in the growth models. Bifurcation exist both in discrete-time and continuous-time models.Analysing the effects of uncertainty in economic systems might have very practical impact on macroeconomic policymaking. A stochastic setting in macroeconomic policymaking makes possible to use symmetric but even asymmetric information and to demonstrate the use of methods for the rational expectations equilibrium.
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21.03.2012 - 12:05