Inflation development model

Using Leontief’s model, a complex price inflation model is developed that represents the inflation process as a dynamic process of varying the type of economic equilibrium. It is shown that the rate of inflation and the asymptotically stable vector of prices are determined by the Perron eigenvalue a...

Full description

Saved in:
Bibliographic Details
Published in:Journal of computer & systems sciences international 2012-09, Vol.51 (5), p.681-694
Main Authors: Leonov, V. Yu, Mednitskii, V. G., Mednitskii, Yu. V., Pitelin, A. K.
Format: Article
Language:English
Subjects:
Asymptotic methods
Asymptotic properties
Control
Dynamic programming
Dynamical systems
Dynamics
Economic models
Economics
Eigenvalues
Eigenvectors
Engineering
Equality
Inflation
Input output
Input output analysis
Market equilibrium
Mathematical analysis
Mechatronics
Robotics
Studies
Systems Analysis and Operations Research
Vectors (mathematics)
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Using Leontief’s model, a complex price inflation model is developed that represents the inflation process as a dynamic process of varying the type of economic equilibrium. It is shown that the rate of inflation and the asymptotically stable vector of prices are determined by the Perron eigenvalue and the corresponding left-hand side eigenvector of a semipositive matrix that is constructed based on the input-output balance indicators.
ISSN:1064-2307
1555-6530
DOI:10.1134/S1064230712040089