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Decomposition method for solving a nonlinear business cycle model
Published online by Cambridge University Press: 17 February 2009
Abstract
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In this paper we present a Kaleckian-type model of a business cycle based on a nonlinear delay differential equation. A numerical algorithm based on a decomposition scheme is implemented for the approximate solution of the model. The numerical results of the underlying equation show that the business cycle is stable.
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- Copyright © Australian Mathematical Society 2003
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