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Small noise asymptotics for a stochastic growth model

Authors :
Williams, Noah
Source :
Journal of Economic Theory. Dec, 2004, Vol. 119 Issue 2, p271, 28 p.
Publication Year :
2004

Abstract

The analytic asymptotic methods to characterize time-series properties of nonlinear dynamic stochastic models are developed and discussed. It resulted in characterizing the model economy, both in terms of its average behavior and its occasional large cyclical fluctuations.

Details

Language :
English
ISSN :
00220531
Volume :
119
Issue :
2
Database :
Gale General OneFile
Journal :
Journal of Economic Theory
Publication Type :
Academic Journal
Accession number :
edsgcl.131159690