Abstract:
In this paper we present a Kaleckian-type model of a business cycle based on a nonlinear delay differential equation. A numerical algorithm based on a decomposition scheme is implemented for the approximate solution of the model. The numerical results of the underlying equation show that the business cycle is stable.
Citation:
Deeba, E., Dibeh, G., Khuri, S., & Xie, S. (2003). Decomposition method for solving a nonlinear business cycle model. The ANZIAM Journal, 45(02), 295-302.