Flaschel, Peter; Proaño, Christian - 2008
We reconsider the issue of the (non-)equivalence of period and continuous time analysis in macroeconomic theory and its … continuous time representations of the same macrostructure should give rise to the same qualitative outcome, i.e. in particular … stable continuous-time macroeconomic model when this is reformulated as a discrete-time model with a long period length. …