Corpus ID: 152293084

Feedback models and stability analysis of three economic paradigms

  title={Feedback models and stability analysis of three economic paradigms},
  author={H. Georgiou},
  journal={arXiv: General Finance},
  • H. Georgiou
  • Published 2013
  • Economics, Mathematics
  • arXiv: General Finance
  • In this paper, simple mathematical models from Control Theory are applied to three very important economic paradigms, namely (a) minimum wages in self-regulating markets, (b) market-versus-true values and currency rates, and (c) government spending and taxation levels. Analytical solutions are provided in all three paradigms and some useful conclusions are drawn in terms of variable analysis. This short study can be used as an example of how feedback models and stability analysis can be applied… CONTINUE READING