Issue: 2006/Vol.16/No.2, Pages 73-80
ON SOME INFLATION MODEL BASED ON THE PAST PRICE DYNAMICS
Walter M. Rusin
Cite as: W. M. Rusin. On some inflation model based on the past price dynamics. Operations Research and Decisions 2006: 16(2), 73-80.
Abstract
The paper describes a model of a price movement path formed upon the past dynamics, following from a couple of assumptions. A system of delayed differential equations has been built and the properties of solutions analyzed. At the end, the main conclusions drawn from the model are presented.
Keywords: inflation, economic system, a delay vector, a price movement path
Received: Accepted: