| Title | STOCHASTIC STABILITY OF INFLATION-UNEMPLOYMENT PROCESS |
| Publication Type | Journal Article |
| Year of Publication | 2017 |
| Authors | LADDE, GS |
| Secondary Title | Inflation-Unemployment Process |
| Volume | 21 |
| Issue | 2 |
| Start Page | 269 |
| Pagination | 14 |
| Date Published | 03/2017 |
| Type of Work | scientific: mathematics |
| ISSN | 1083-2564 |
| AMS | 60H10 |
| Abstract | In this work, by assuming a speed of adjustment of the rate of unemployment to be a Gaussian white noise as well as unanticipated changes to be Markov chain, stochastic mathematical models of inflation-unemployment processes are outlined. Furthermore, sufficient conditions are given to insure stability of inflation-employment processes in the quadratic mean as well as in the sense of almost sure. The presented study sheds a light on the effects of random structural perturbations in the system. The study also exhibits robust stability with respect to both deterministic as well as stochastic parameters of the system. This is achieved by the usage of comparison theorems in the context energy functions. |
| URL | http://www.acadsol.eu/en/articles/21/2/7.pdf |
| DOI | 10.12732/caa.v21i2.7 |
| Short Title | Inflation-Unemployment Process |
| Alternate Journal | CAA |
| Refereed Designation | Refereed |
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