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arXiv · 0803.1916

Business Cycle and Conserved Quantity in Economics

Masa-aki Taniguchi·Masako Bando·Akihiro Nakayama
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Abstract

We propose a dynamical model for business cycle based on an optimal DI model. In the model there exists a conserved quantity, which corresponds to the total energy in a dynamical system. We found that the business cycle with the period 6 or 7 years is nicely reproduced, since the model predicts a periodic motion in the conservative system.

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Masa-aki Taniguchi, Masako Bando, Akihiro Nakayama. 2008-03-13. Business Cycle and Conserved Quantity in Economics. https://doi.org/10.1143/jpsj.77.114001

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