Theory of adaptive adjustment (Q5934136): Difference between revisions
From MaRDI portal
Added link to MaRDI item. |
Set profile property. |
||
Property / MaRDI profile type | |||
Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank |
Latest revision as of 00:42, 5 March 2024
scientific article; zbMATH DE number 1605960
Language | Label | Description | Also known as |
---|---|---|---|
English | Theory of adaptive adjustment |
scientific article; zbMATH DE number 1605960 |
Statements
Theory of adaptive adjustment (English)
0 references
2 July 2002
0 references
This paper is devoted to improving the power of the adaptive adjustment mechanism in stabilization. Moreover, for multiple variable processes uniformly adaptive adjustment is introduced and analyzed, by which all economic variables are adjusted with the same speed. The author shows that such adjustment succeeds in stabilizing type-I and type II steady states. The situation where economic variables are adjusted with different speed is considered as well and possible areas for further research are adressed.
0 references
stabilization
0 references
adaptive adjustment
0 references
steady state
0 references