Neo-Keynesian and neo-classical macroeconomic models : stability and Lyapunov exponents

Abstract

The non-linear approach to economic dynamics enables us to study traditional economic models using modified formulations and different methods of solution. In this article we compare the dynamic properties of the Keynesian and Classical macroecon

Keywords

• Neo-Keynesian
• neo-classical
• macroeconomic
• models
• stability
• Lyapunov
• exponents