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- W1882910145 abstract "The goal of this paper is to introduce and illustrate a new approach to the stability analysis of sample-paths of nonlinear stochastic economic models with non-stationary components. We place our study within the mathematical theory of random dynamical systems and apply the concept of a random fixed point which is tailor-made for the study of the long-term behavior of sample-paths in stochastic systems. The main tool for the application of this approach is a Banach-type fixed point theorem for non-stationary random dynamical systems which is proved here. The concept and the theorem are thoroughly explained and illustrated by two examples from stochastic growth theory." @default.
- W1882910145 created "2016-06-24" @default.
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- W1882910145 date "2000-01-01" @default.
- W1882910145 modified "2023-09-23" @default.
- W1882910145 title "Sample-Path Stability of Non-Stationary Dynamic Economic Systems" @default.
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- W1882910145 doi "https://doi.org/10.2139/ssrn.236013" @default.
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