Dynamic Model of Phillips Curve Using the Maple System

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F12%3APU99761" target="_blank" >RIV/00216305:26510/12:PU99761 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Dynamic Model of Phillips Curve Using the Maple System
Original language description
This paper presents the possibilities offered by the Maple software for solution of the economic model through the differential equations. The paper is concerned with formulation of the dynamic model that reflects more precisely the relation between inflation and unemployment which the Phillips curve became the accepted usage. The economic theory is described in the introductory part of the chapter and serves as the basis for formulation of the relations between economic variables being further subjectof the research. The originally classic model of relation between the inflation rate and the unemployment rate leading to the Phillips curve was replaced in this paper by a new model reflecting the real economic situation more precisely and respecting even impact of history of the considered factors by applying the so called differential equations with delayed argument. The paper also describes certain basic tools for work with the differential equations in the Maple system. An example o
Czech name
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Czech description
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Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Innovation and Sustainable Economic Competitive Advantage From Regional Development to World Economies
ISBN
978-0-9821489-7-6
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
1584-1595
Publisher name
IBIMA publishing
Place of publication
Istambul
Event location
Istanbul
Event date
May 9, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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