scholarly journals Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies

2020 ◽  
Author(s):  
Robert Kollmann
Keyword(s):  
Business Cycle ◽  
Open Economies ◽  
Rational Bubbles ◽  
Non Linear

scholarly journals Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies

2020 ◽  
Vol 2020 (378) ◽  
Author(s):  
Robert Kollmann ◽  
Keyword(s):  
Business Cycle ◽  
Open Economies ◽  
Rational Bubbles ◽  
Non Linear

Modelling the Business Cycle in South Africa: A Non-Linear Approach

2006 ◽  
Vol 30 (2) ◽  
pp. 103-126 ◽  
Author(s):  
I Botha ◽  
L Greyling ◽  
D J Marais
Keyword(s):  
South Africa ◽  
Business Cycle ◽  
Linear Approach ◽  
Non Linear ◽  
The Business Cycle

Can non-linear time series models generate US business cycle asymmetric shape?

2002 ◽  
Vol 77 (2) ◽  
pp. 187-194 ◽  
Author(s):  
Ana Beatriz C. Galvão
Keyword(s):  
Time Series ◽  
Business Cycle ◽  
Linear Time ◽  
Time Series Models ◽  
Non Linear ◽  
Asymmetric Shape

scholarly journals INTERACTING BUSINESS CYCLE FLUCTUATIONS: A TWO-COUNTRY MODEL

2006 ◽  
Vol 51 (03) ◽  
pp. 365-394 ◽  
Author(s):  
CARL CHIARELLA ◽  
PETER FLASCHEL ◽  
HING HUNG
Keyword(s):  
Steady State ◽  
Business Cycle ◽  
Foreign Exchange ◽  
Open Economies ◽  
Wage Rigidity ◽  
Market Clearing ◽  
Feedback Mechanisms ◽  
Money Wage ◽  
The Real ◽  
Business Cycle Fluctuations

In this paper, we develop a model of business cycle fluctuations between two interacting open economies within the disequilibrium or non-market clearing paradigm. We analyze the main feedback mechanisms (Keynes, Mundell, Rose and Dornbusch) driving the dynamics and the conflict between their stabilizing and destabilizing tendencies and how these depend on certain key speeds of adjustment in the real and foreign exchange sectors. We explore numerically a variety of situations of interacting price cycles in the two countries, where the steady state is locally repelling, but where the overall dynamics are bounded in an economically meaningful domain by assuming downward money wage rigidity.

scholarly journals Non-Linear Dynamics of Real Wages Over the Business Cycle

2011 ◽  
Vol 14 (1) ◽  
pp. 81-99
Author(s):  
Carlo Altavilla ◽  
Concetto Paolo Vinci
Keyword(s):  
Business Cycle ◽  
Real Wages ◽  
Linear Dynamics ◽  
Non Linear ◽  
The Business Cycle
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