Parametric resonance excited by periodic variations of the interest rate in a market economic system (Q957843)
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scientific article; zbMATH DE number 5375957
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Parametric resonance excited by periodic variations of the interest rate in a market economic system |
scientific article; zbMATH DE number 5375957 |
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Parametric resonance excited by periodic variations of the interest rate in a market economic system (English)
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1 December 2008
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The author considers a general differential equation of macroeconomic dynamics describing the joint interaction between the long-term economic growth and business cycles in a developed market economic system [see \textit{A. A. Akaev}, Dokl. Akad. Nauk, Ross. Akad. Nauk 417, No. 4, 439--441 (2007; Zbl 1181.91163)]. The analysis of its dynamics shows that even weak periodic peturbation (for example, periodic variations in the interest rate) can have a large effect on the oscillation process in a market economic system and can lead to rather large variations in the oscillation amplitude over a sufficiently long time interval.
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macroeconomic dynamics
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nonlinear dynamical system
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business cycle
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economic growth
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interest rate
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parametric resonance
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