Abstract
In this chapter we introduce some of the theoretical ideas, tools and techniques which are repeatedly applied in modern work on stabilisation policy and the econometric analysis of trade cycles. We shall discuss dynamic models of income determination, stocks and stock-adjustment, some mathematics of difference equations and the fundamental properties of multiplier-accelerator interaction.
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© 1974 Nicholas Rau
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Rau, N. (1974). Dynamic Income-Expenditure Models. In: Trade Cycles: Theory and Evidence. Macmillan Studies in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-02051-5_2
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DOI: https://doi.org/10.1007/978-1-349-02051-5_2
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-15241-6
Online ISBN: 978-1-349-02051-5
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