On stability in generalized Schinasi’s macroeconomic model under fixed exchange rates
and | Nov 12, 2012
Tatra Mountains Mathematical Publications
Differential and Difference Equations and Applications 2008
Published Online: Nov 12, 2012
Page range: 115 - 122
DOI: https://doi.org/10.2478/v10127-009-0031-8
Keywords
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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.