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The Disappearing Multiplier: A System Dynamics Approach to Macroeconomics

  • Günther Ossimitz
Conference paper

Abstract

Macroeconomical models are usually described with equations or function graphs, which are more or less statical. In this paper I will sketch a dynamical approach to macroeconomics. This approach will have some remarkable features:
  • I will use numerical modelling instead of algebraical or graphical reasoning;

  • the modelling will on the level of elementary arithmetics;

  • for experimentation a spreadsheet program will be used;

  • the dynamical approach will reveal some new aspects of the theory of Keynes.

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References

  1. Forrester J (1961): Industrial Dynamics. MIT Press. Cambridge, MassGoogle Scholar
  2. Ossimitz G (1990): Materialien zur Systemdynamik. Verlag Hölder-Pichler-Tempsky, Wien und B.G. Teubner, Stuttgart.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1993

Authors and Affiliations

  • Günther Ossimitz
    • 1
  1. 1.Institut für MathematikUniversität KlagenfurtKlagenfurtAustria

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