Dynamic Income-Expenditure Models

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


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.


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Copyright information

© Nicholas Rau 1974

Authors and Affiliations

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

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