Issue: 2003/Vol.13/No.1, Pages 79-89
FLUCTUATIONS IN AN OPEN ECONOMY MODEL UNDER FIXED EXCHANGE RATE REGIME
Radovan Rusnák, Rudolf Zimka
Cite as: R. Rusnák, R. Zimka. Fluctuations in an open economy model under fixed exchange rate regime. Operations Research and Decisions 2003: 13(1), 79-89.
Abstract
The dynamic macroeconomic model of an open economy which was introduced in [8] is studied under fixed exchange rate regime. Sufficient conditions for the existence of an isolated equilibrium and for the existence of business cycles are found.
Keywords: macroeconomic process, open economy, exchange rate
Received: Accepted: