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                    <span style="font-weight: bold; ">On the Application of the Laplace Transform in the Study of Phillips-Type Stabilization Policy</span> <span id="JournalInfor_reviewpaper_show" style="color:gray;Display:None;">()</span>
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                <div style="float: left; width: 100%; margin-top: 10px;">

                    <a href='articles.aspx?searchcode=Satoru++Kageyama&searchfield=authors&page=1' target='_blank'>Satoru  Kageyama</a><sup></sup> 

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                        Affiliation(s)</a>
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                    <a href='articles.aspx?searchcode=Graduate+School+of+Economics%2c+Osaka+University%2c+Osaka%2c+Japan&searchfield=affs&page=1&skid=0' target='_blank'>Graduate School of Economics, Osaka University, Osaka, Japan</a>.<br />
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                <p style="font-size: 14px; font-weight: bold;">
                    <a name="abstract">
                        ABSTRACT</a>
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                    This paper provides a
reformulation of Phillips’s multiplier-accelerator model with stabilization
policy in terms of the Laplace transform. Applying the Laplace transform, the
differential equations of the economy are transformed into the algebraic ones
on a complex variable. The transfer functions of economic variables are defined
by these algebraic equations. With this representation, we show the effects of
Phillips-type policy on equilibrium level and derive the necessary and sufficient
condition for asymptotic stability.
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                    KEYWORDS
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                <div align="justify">
                    <a href='articles.aspx?searchcode=Stabilization+Policy&searchfield=keyword&page=1&skid=0' target='_blank'>Stabilization Policy</a>, <a href='articles.aspx?searchcode=+Multiplier-Accelerator+Policy&searchfield=keyword&page=1&skid=0' target='_blank'> Multiplier-Accelerator Policy</a>, <a href='articles.aspx?searchcode=+Transfer+Function&searchfield=keyword&page=1&skid=0' target='_blank'> Transfer Function</a>, <a href='articles.aspx?searchcode=+Laplace+Transform&searchfield=keyword&page=1&skid=0' target='_blank'> Laplace Transform</a> 
                </div>
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                    Cite this paper
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                <div align="justify">
                    Kageyama, S.   (2015) On the Application of the Laplace Transform in the Study of Phillips-Type Stabilization Policy. <i>Theoretical Economics Letters</i>, <b>5</b>, 691-696. doi: <a href='http://dx.doi.org/10.4236/tel.2015.56080' target='_blank' onclick='SetNum(61689)'>10.4236/tel.2015.56080</a>.
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                <p style="font-size: 14px; font-weight: bold;">Conflicts of Interest</p>
                <p style="text-align: justify;">
                    The authors declare no conflicts of interest.</p>
            </div>


            

            

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