Renormalization method and its economic applications
MetadataShow full item record
Altmetrics Handle Statistics
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).
School of Economics and Finance discussion paper series ; 0110
Working or discussion paper
DescriptionPreviously in the University eprints HAIRST pilot service at http://eprints.st-andrews.ac.uk/archive/00000059/
Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.