A Disequilibnum Model of Real and Financial Accumulation in an Open Economy

Theory, Evidence, and Policy Simulations

  • Giancarlo Gandolfo
  • Pietro Carlo Padoan

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 236)

Table of contents

  1. Front Matter
    Pages N2-VI
  2. Giancarlo Gandolfo, Pietro Carlo Padoan
    Pages 1-12
  3. Giancarlo Gandolfo, Pietro Carlo Padoan
    Pages 13-41
  4. Giancarlo Gandolfo, Pietro Carlo Padoan
    Pages 42-76
  5. Giancarlo Gandolfo, Pietro Carlo Padoan
    Pages 77-125
  6. Back Matter
    Pages 126-175

About this book


This is the fourth version of a model that five years ago we set out to build and estimate along the lines of the continuous time approach clarified In chapter 1. Previous versions appeared in journal articles and conference proceedings, where the space is notoriously limited. Therefore we welcome the possibility of publishing a book-length treatment of this fourth version, so that we can describe its theoretical and empirical aspects in some detail. Although we have worked closely together and accept joint responsibility for the whole book, chs. 1 and 2 and appendix I have been written by G. Gandolfo, whilst chs. ] and 4 and appendix II have been written by P.c. Padoan. Different parts of this version of the model have been discussed In various lectures at the European University Institute (Florence) in 1984, In a seminar organized by the Bank of Italy (Sadiba, Perugia, Italy, February 16-18, 1984), in the second Viennese Workshop on Economic Applications of Control Theory (Vienna, May 16-18, 1984), and in the sixth annual Conference of the Society for Economic Dynamics and Control (Nice, France, June 13-15, 1984). In all of these we received helpful comments; similarly helpful were the comments of Clifford R .. Wymer, who, however, is absolved of any responsibility.


Economy economic dynamics equilibrium simulations strategy

Authors and affiliations

  • Giancarlo Gandolfo
    • 1
  • Pietro Carlo Padoan
    • 1
  1. 1.Faculty of EconomicsUniversity of RomeRomeItaly

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 1984
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-13889-1
  • Online ISBN 978-3-642-95459-7
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site
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