Analysis of models of dynamic economic systems
- Authors: Kanametova D.A.1
-
Affiliations:
- Institute of Applied Mathematics and Automation - branch of Kabardino-Balkarian Scientific Center of the Russian Academy of Sciences
- Issue: No 4 (2023)
- Pages: 88-97
- Section: System analysis, management and information processing
- Submitted: 20.11.2025
- Published: 04.02.2026
- URL: https://journal-vniispk.ru/1991-6639/article/view/352311
- DOI: https://doi.org/10.35330/1991-6639-2023-4-114-88-97
- EDN: https://elibrary.ru/RQMACK
- ID: 352311
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Abstract
The paper analyzes models of dynamic economic systems: the Solow model, also known as the single factor growth model, is a simple model that describes economic growth based on capital accumulation and technological progress; Dean's Dynamic New Keynesian Phillips Curve Model, which is a development of New Keynesianism and uses dynamic models to describe the process of forming inflationary expectations; the Dynamic Random Equilibrium Model (DSGE), which combines elements of microeconomics and macroeconomics, using formal mathematical methods to describe the interactions between agents in economy. The advantages and disadvantages of these models, as well as the scope of their application are considered.
About the authors
Dana A. Kanametova
Institute of Applied Mathematics and Automation - branch of Kabardino-Balkarian Scientific Center of the Russian Academy of Sciences
Author for correspondence.
Email: danocha_999@mail.ru
Candidate of Economic Sciences, Researcher
Russian Federation, 360000, Russia, Nalchik, 89 A Shortanov streetReferences
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