Noise-induced transitions in a stochastic Goodwin-type business cycle model
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DOI: 10.1016/j.strueco.2017.01.003
Abstract: We motivate and specify a stochastic Goodwin-type business cycle model. Our analysis focusses on a subset of the parameter space where several attractors coexist. Applying a semi-numerical approach based on the stochastic sensitivity function and… read more here.
Keywords: cycle model; goodwin type; type business; stochastic goodwin ... See more keywords