© 2006

Business Cycle Dynamics

Models and Tools

  • Tönu Puu
  • Iryna Sushko

Table of contents

  1. Front Matter
    Pages I-VIII
  2. Tönu Puu
    Pages 1-6
  3. Anna Agliari, Gian-Italo Bischi, Laura Gardini
    Pages 7-47
  4. Iryna Sushko, Laura Gardini
    Pages 49-78
  5. Jose S. Cánovas Peña, Manuel Ruiz Marín
    Pages 143-178
  6. Laura Gardini, Tönu Puu, Iryna Sushko
    Pages 179-191
  7. Marji Lines, Frank Westerhoff
    Pages 255-276
  8. Iryna Sushko, Tönu Puu, Laura Gardini
    Pages 299-316
  9. Laura Gardini, Tönu Puu, Iryna Sushko
    Pages 317-333
  10. Back Matter
    Pages 335-336

About this book


Business cycle theory has been one of the fastest growing fields in modern nonlinear economic dynamics. The book is centered around models of multiplier-accelerator type, emerging from Samuelson's seminal work, later developed into nonlinear formats by Hicks and Goodwin. These models left open ends, as the tools then available did not permit more systematic analysis. The present situation is different, due to the emergence of new methods also focusing global analysis. The focus on classical, causal or recursive models implies a deviation from current main stream business cycle theory, based on "rational expectations", which in view of the possibility of mathematical chaos becomes untenable. This book is a rejoinder to Puu and Sushko, Oligopoly Dynamics - Models and Tools, (Springer 2002).


Business Cycle Models Hicksian Floor and Ceiling Multiplier-Accelerator Models Non-linear Dynamical Systems Oligopol bifurcation calculus dynamics economic dynamics

Editors and affiliations

  • Tönu Puu
    • 1
  • Iryna Sushko
    • 2
  1. 1.CERUMUmeå UniversityUmeåSweden
  2. 2.Institute of MathematicsNational Academy of Sciences of UkraineKievUkraine

Bibliographic information