Acta mathematica Universitatis Comenianae, Tome 84 (2015) no. 2, pp. 229-242
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Toichiro Asada; Masahiro Ouchi; Toichiro Asada; Masahiro Ouchi. Mathematical Formalization of Macroeconomic Stabilization Policy in a High-dimensional Dynamic Keynesian Model with Public Debt Accumulation. Acta mathematica Universitatis Comenianae, Tome 84 (2015) no. 2, pp. 229-242. http://geodesic.mathdoc.fr/item/AMUC_2015_84_2_a4/
@article{AMUC_2015_84_2_a4,
author = {Toichiro Asada and Masahiro Ouchi and Toichiro Asada and Masahiro Ouchi},
title = { Mathematical {Formalization} of {Macroeconomic} {Stabilization} {Policy} in a {High-dimensional} {Dynamic} {Keynesian} {Model} with {Public} {Debt} {Accumulation}},
journal = {Acta mathematica Universitatis Comenianae},
pages = {229--242},
year = {2015},
volume = {84},
number = {2},
url = {http://geodesic.mathdoc.fr/item/AMUC_2015_84_2_a4/}
}
TY - JOUR
AU - Toichiro Asada
AU - Masahiro Ouchi
AU - Toichiro Asada
AU - Masahiro Ouchi
TI - Mathematical Formalization of Macroeconomic Stabilization Policy in a High-dimensional Dynamic Keynesian Model with Public Debt Accumulation
JO - Acta mathematica Universitatis Comenianae
PY - 2015
SP - 229
EP - 242
VL - 84
IS - 2
UR - http://geodesic.mathdoc.fr/item/AMUC_2015_84_2_a4/
ID - AMUC_2015_84_2_a4
ER -
%0 Journal Article
%A Toichiro Asada
%A Masahiro Ouchi
%A Toichiro Asada
%A Masahiro Ouchi
%T Mathematical Formalization of Macroeconomic Stabilization Policy in a High-dimensional Dynamic Keynesian Model with Public Debt Accumulation
%J Acta mathematica Universitatis Comenianae
%D 2015
%P 229-242
%V 84
%N 2
%U http://geodesic.mathdoc.fr/item/AMUC_2015_84_2_a4/
%F AMUC_2015_84_2_a4
In this paper, we study mathematically the effect of macroeconomic stabilization policyin a high-dimensional dynamic Keynesian model with public debt accumulation. The reduced form of our model is described by a five-dimensional system of nonlinear differentialequations. The dynamic effect of the fiscal and monetary policy mix on the macroeconomic stability, instability and cyclical fluctuations are studied both analytically and numerically.