Simple macroeconomic model in DynamicalSystems.jl

Specific Domains Finance and Economics
19

@Albert_Zevelev: I appreciate very much your help; extremely useful.
Just three comments:

  • This example, I made it up, so I am sorry that I cant provide the source because there isnt one.
  • The steady state solution (Y_rec = Ym, in your notation) is:
    Y = (1/1-alpha) * (a + G). This means that the value of beta should not affect the steady state solution. I thus wonder why, with the code, changing the value of beta changes the results.
  • In the simulation on the first graph, Y, C, and I seem to move down to zero, while the closed solution indicates that, in steady state, Y=600, C=500 and I should be zero from the investment equation.

Thanks again for your help, and I apologize for asking so many questions.