Advertisement

Dynamic Income-Expenditure Models

  • Nicholas Rau
Chapter
Part of the Macmillan Studies in Economics book series

Abstract

In this chapter we introduce some of the theoretical ideas, tools and techniques which are repeatedly applied in modern work on stabilisation policy and the econometric analysis of trade cycles. We shall discuss dynamic models of income determination, stocks and stock-adjustment, some mathematics of difference equations and the fundamental properties of multiplier-accelerator interaction.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Nicholas Rau 1974

Authors and Affiliations

  • Nicholas Rau
    • 1
  1. 1.University College LondonUK

Personalised recommendations