Juliana, Joice Ruth and Asmawati, Endah (2008) IS-LM In Slow-Fast System. In: PROCEEDINGTHE 3RD INTERNATIONAL CONFERENCE ON MATHEMATICS AND STATISTICS: Mathematics and Statistics: bridge for academia, business, and government in the entrepreneurial era. Department of StatisticsDepartment of Mathematics Institut Pertanian Bogor, Bogor, pp. 219-223. ISBN 978-979-19256-0-0
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Abstract
Our real life problem usually is solved by forming the mathematics model. In economics, we found some mathematics model about business cycle. One of the well-known models is IS-LM model. The model, first developed by Sir John Hicks and Alvin Hansen in linear equation system, has been used from 1937. We developed IS-LM model in ordinary differential equation system and observed the behavior change to the time. The model has been developed by Kalecky and Cai in time-delay form. In this paper, we discuss the model in slow-fast system. By using singular perturbation method is obtained qualitative analysis about the equilibrium point of the system and the economical interpretation.
| Item Type: | Book Section |
|---|---|
| Uncontrolled Keywords: | IS-LM model, slow-fast system, singular perturbation |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Academic Department > Department of Mathematics and Natural Science |
| Depositing User: | Endah Asmawati 61113 |
| Date Deposited: | 07 Feb 2019 05:13 |
| Last Modified: | 24 Mar 2021 16:00 |
| URI: | http://repository.ubaya.ac.id/id/eprint/34264 |
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