Some results for the comparative statics of
steady-states of higher-order discrete
Journal of Economic Dynamics and Control, Volume 24, Number 6, September 2000, pages 1481-1489.
Click here to download the PDF of the paper
Higher-order discrete dynamic systems arise naturally in many economic models in which the problem at hand requires an explicit treatment of dynamics involving lags of more than one period. In studying such models, one type of analysis that economists are often interested in is the assessment of the signs and the magnitudes of the effects of a change in the parameters of the dynamic system on the stable steady states of the system. This paper presents some results for such comparative statics analysis. Brief remarks explain the results and illustrate their potential economic usefulness.
Previous working versions include:
“Results for economic comparative statics of steady states of higher-order discrete dynamic systems.” Yale University, Department of Economics. Economic Growth Center, Center discussion paper number 562. September 1988.