Some Results for the Comparative Statics of Steady-States of Higher-Order Discrete Dynamic Systems
University of Chicago, Harris School of Public Policy, Working paper series 99.16
14 Pages Posted: 27 Jun 2012
Date Written: March 1999
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 dynamics 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.
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