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Please use this identifier to cite or link to this item: http://hdl.handle.net/10023/654
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Title: Renormalization method and its economic applications
Authors: Briec, Walter
Lasselle, Laurence
Editors: University of St Andrews. School of Economics and Finance
Keywords: Feigenbaum equation
two-dimensional map
renormalization procedure
Issue Date: 2001
Citation: School of Economics and Finance discussion paper series ; 0110
Abstract: The purpose of this paper is to give new insights of the method of Helleman (1980) in the context of macrodynamics. This method explains how a difference equation can be locally studied from the Feigenbaum equation in the case of a constant Jacobian matrix. First we introduce this technique. Second we apply it in two models: the model of Matsuyama (1999) and the model of Kaldor (1957). Finally we present an extension of the technique in the case of non constant (linear) Jacobian matrix and apply this extension in the model of Médio (1992).
Version: Postprint
Description: Previously in the University eprints HAIRST pilot service at http://eprints.st-andrews.ac.uk/archive/00000059/
URI: http://ideas.repec.org/p/san/wpecon/0110.html
http://hdl.handle.net/10023/654
Type: Working or discussion paper
Publication Status: Not published
Status: Non peer reviewed
Publisher: School of Economics and Finance, University of St Andrews.
Appears in Collections:Economics & Finance Research



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