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Dynamic Single Country Models

  • Anna Nagurney
  • Stavros Siokos
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

In this chapter we begin the dynamic modeling of single country, multi-sector, multi-instrument financial problems. We utilize, as the basis, the models of Chapters 6 and 7, but we develop their dynamic counterparts. The methodology that we utilize in this chapter is now that of projected dynamical systems (cf. Chapter 4). In this chapter we are interested in the dynamic modeling of such financial systems, their stability analysis, as well as computational procedures. The financial models of the preceding two chapters are important since the sets of stationary points of the projected dynamical systems that we will present here will coincide with the sets of solutions to the corresponding variational inequality problem derived earlier.

Keywords

Utility Function Variational Inequality Euler Method Adjustment Process Variational Inequality Problem 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1997

Authors and Affiliations

  • Anna Nagurney
    • 1
  • Stavros Siokos
    • 2
  1. 1.School of ManagementUniversity of MassachusettsAmherstUSA
  2. 2.Department of Mechanical and Industrial EngineeringUniversity of MassachusettsAmherstUSA

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