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Author

Vasily E. Tarasov

Lomonosov Moscow State University, Russia
1 article in our journals

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Research ArticleOpen accessAccelerators in Macroeconomics: Comparison of Discrete and Continuous ApproachesVasily E. Tarasov, Valentina V. TarasovaWe prove that the standard discrete-time accelerator equation cannot be considered as an exact discrete analog of the continuous-time accelerator equation. This leads to fact that the standard discrete-time macroeconomic models cannot be considered as exact discretization of the corresponding continuous-time models. As a result, the equations of the continuous and standard discrete models have different solutions and can predict … …American Journal of Economics and Business Administration, Vol. 9, Issue 3 · 10 Nov 2017 · 8,633 accessesView PDFCite