<abstract xmlns="http://www.w3.org/1999/xhtml"><p> A nonlinear dynamic macroeconomic model of a small open economy is constructed. The model is based on the IS-LM structure and generalizes the Schinasi’s model of a closed economy. Sufficient conditions for the existence of the equilibrium of the model are found and the question of its stability is analyzed.</p></abstract>

A nonlinear dynamic macroeconomic model of a small open economy is constructed. The model is based on the IS-LM structure and generalizes the Schinasi’s model of a closed economy. Sufficient conditions for the existence of the equilibrium of the model are found and the question of its stability is analyzed.

On stability in generalized Schinasi’s macroeconomic model under fixed exchange rates

Department of Mathematics and Descriptive Geometry Technical University in Zvolen T. G. Masaryka 2117/24 SK–960-53 Zvolen SLOVAKIA

Department of Quantitative Methods and Informatics Faculty of Economics Matej Bel University Tajovsk´eho 10 SK–975-90 Bansk´a Bystrica SLOVAKIA

Tatra Mountains Mathematical Publications

A nonlinear dynamic macroeconomic model of a small open economy is constructed. The model is based on the IS-LM structure and generalizes the Schinasi’s model...

On stability in generalized Schinasi’s macroeconomic model under fixed exchange rates

Published Online: Nov 12, 2012

Page range: 115 - 122

DOI: https://doi.org/10.2478/v10127-009-0031-8

Keywords
macroeconomic model, equilibrium, stability

This content is open access.

On stability in generalized Schinasi’s macroeconomic model under fixed exchange rates

Published Online: Nov 12, 2012

Page range: 115 - 122

DOI: https://doi.org/10.2478/v10127-009-0031-8

Keywordsmacroeconomic model, equilibrium, stability

This content is open access.

Keywords
macroeconomic model, equilibrium, stability