An optimal equilibrium for a reformulated Samuelson economic discrete time system

Abstract This paper studies the equilibrium of an extended case of the classical Samuelson’s multiplier–accelerator model for national economy. This case has incorporated some kind of memory into the system. We assume that total consumption and private investment depend upon the national income valu...

Full description

Bibliographic Details
Main Authors: Maria Filomena Barros, Fernando Ortega
Format: Article
Language:English
Published: SpringerOpen 2019-09-01
Series:Journal of Economic Structures
Subjects:
Online Access:http://link.springer.com/article/10.1186/s40008-019-0162-2