Study on the Business Cycle Model with Fractional-Order Time Delay under Random Excitation

Study on the Business Cycle Model with Fractional-Order Time Delay under Random Excitation

Time delay of economic policy and memory property in a real economy system is omnipresent and inevitable. In this paper, a business cycle model with fractional-order time delay which describes the delay and memory property of economic control is investigated. Stochastic averaging method is applied t...

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Bibliographic Details
Main Authors: Zifei Lin, Wei Xu, Jiaorui Li, Wantao Jia, Shuang Li
Format: Article
Language:English
Published: MDPI AG 2017-07-01
Series:Entropy
Subjects:
business cycle model
fractional derivative
random excitation
time delay
stochastic averaging method
Online Access:https://www.mdpi.com/1099-4300/19/7/354

Internet

https://www.mdpi.com/1099-4300/19/7/354

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