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Catastrophe Theory in Business Cycles by Ieronimus Bosc is a document available to read on EtoBox.

What is Catastrophe Theory in Business Cycles about?

This document provides an overview of catastrophe theory and how it can be applied to model business cycles. It discusses how catastrophe theory analyzes the interaction between fast-changing state variables and slow-changing parameters. The key types of catastrophes are fold catastrophes and cusp catastrophes. Fold catastrophes involve a sudden jump between equilibrium states, while cusp catastrophes allow for both rapid and slow returns to the original state. The document uses these concepts from catastro

Author

Ieronimus Bosc

Language

EN