23 citations · 52 across the 8 of their papers we have counts for
3 papers · 1 filter
A continuum of path-dependent equilibrium solutions induced by sticky expectations
Pavel Krejci, Eyram Kwame, Harbir Lamba +1
We analyze a simple macroeconomic model where rational inflation expectations is replaced by a boundedly rational, and genuinely sticky, response to changes in the actual inflation…
Global stability of a piecewise linear macroeconomic model with a continuum of equilibrium states and sticky expectation
Pavel Krejci, Harbir Lamba, Dmitrii Rachinskii
We consider piecewise linear discrete time macroeconomic models, which possess a continuum of equilibrium states. These systems are obtained by replacing rational inflation expecta…
Dynamics of Discrete Time Systems with a Hysteresis Stop Operator
Maxim Arnold, Nikita Begun, Pavel Gurevich +3
We consider a piecewise linear two-dimensional dynamical system that couples a linear equation with the so-called stop operator. Global dynamics and bifurcations of this system are…