Tóth-Bozó Brigitta: Macroeconomic processes and expectations.
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Abstract
The study focuses on the problem of introducing expectations, as a subjective factor, into economic theoretical models. The basis of the model presented here is the well-known conventional Keynesian IS-LM model. It also follows that the concept of the IS-LM model can be approached as a problem or task in several ways. Also used was a discretized model encompassing three distinct categories of expectations, namely, simple, adaptive, and rational. It can be concluded that the type of expectation affects the number of stable cases in the model. The inclusion of the adaptive expectation results in the highest number of stable cases within the range of economically relevant values of the parameters studied. Numerical examples illustrate the results.
| Item Type: | Conference or Workshop Item |
|---|---|
| Journal or Publication Title: | Green and Digital Transitions: Global Insights into Sustainable Solutions |
| Date: | 2024 |
| ISBN: | 978-963-306-972-1 |
| Page Range: | pp. 97-111 |
| Language: | English |
| Publisher: | Szegedi Tudományegyetem Gazdaságtudományi Kar |
| Place of Publication: | Szeged |
| Event Title: | Decades of crises: from competitiveness to resilience via the bumpy road of sustainability |
| Event Type: | Conference |
| Event Location: | Szeged |
| Event Dates: | 2023. április 14-15. |
| Related URLs: | https://acta.bibl.u-szeged.hu/84842/ |
| DOI: | 10.14232/gtk.gdtgiss.2024.6 |
| Uncontrolled Keywords: | Mikrogazdaság |
| Additional Information: | Bibliogr.: p. 109-111. ; ill. ; összefoglalás angol nyelven |
| Subjects: | 05. Social sciences 05. Social sciences > 05.02. Economics and business |
| Date Deposited: | 2024. May. 08. 09:56 |
| Last Modified: | 2024. May. 08. 09:56 |
| URI: | http://acta.bibl.u-szeged.hu/id/eprint/84848 |
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