Dynamic Keynesian Model of Economic Growth with Memory and Lag

Dynamic Keynesian Model of Economic Growth with Memory and Lag

A mathematical model of economic growth with fading memory and continuous distribution of delay time is suggested. This model can be considered as a generalization of the standard Keynesian macroeconomic model. To take into account the memory and gamma-distributed lag we use the Abel-type integral a...

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Bibliographic Details
Main Authors: Vasily E. Tarasov, Valentina V. Tarasova
Format: Article
Language:English
Published: MDPI AG 2019-02-01
Series:Mathematics
Subjects:
fractional differential equations
fractional derivative
Abel-type integral
time delay
distributed lag
gamma distribution
macroeconomics
Keynesian model
Online Access:https://www.mdpi.com/2227-7390/7/2/178

Internet

https://www.mdpi.com/2227-7390/7/2/178

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