Inflation development model

• Published in: Journal of computer & systems sciences international Vol. 51; no. 5; pp. 681 - 694
• Main Authors: Leonov, V. Yu, Mednitskii, V. G., Mednitskii, Yu. V., Pitelin, A. K.
• Format: Journal Article
• Language: English
• Published: Dordrecht SP MAIK Nauka/Interperiodica 01-09-2012; Springer Nature B.V
• Subjects: Asymptotic methods; Asymptotic properties; Control; Dynamic programming; Dynamical systems; Dynamics; Economic models; Economics; Eigenvalues; Eigenvectors; Engineering; Equality; Inflation; Input output; Input output analysis; Market equilibrium; Mathematical analysis; Mechatronics; Robotics; Studies; Systems Analysis and Operations Research; Vectors (mathematics); Dual Problem; Labor Time; System Science International; Marketable Output; Profitability Norm
• ISSN: 1064-2307; 1555-6530
• DOI: 10.1134/S1064230712040089

Using Leontief’s model, a complex price inflation model is developed that represents the inflation process as a dynamic process of varying the type of economic equilibrium. It is shown that the rate of inflation and the asymptotically stable vector of prices are determined by the Perron eigenvalue and the corresponding left-hand side eigenvector of a semipositive matrix that is constructed based on the input-output balance indicators.