Stochastic Analysis of a Nonlinear Business Cycle Model with Correlated Random Income Disturbance

<table class="figure-group"><tr class="fig-image" id="a"><td><object data="https://static-preview.hindawi.com/articles/mpe/volume-2018/8706842/figures/8706842.fig.002a.svgz" name="8706842.fig.002a" type="image/svg+xml"></object></td></tr><tr class="fig-caption"><td><b>(a) </b>PDF of income</td></tr><tr class="fig-image" id="b"><td><object data="https://static-preview.hindawi.com/articles/mpe/volume-2018/8706842/figures/8706842.fig.002b.svgz" name="8706842.fig.002b" type="image/svg+xml"></object></td></tr><tr class="fig-caption"><td><b>(b) </b>Logarithmic PDF of income</td></tr><tr class="fig-image" id="c"><td><object data="https://static-preview.hindawi.com/articles/mpe/volume-2018/8706842/figures/8706842.fig.002c.svgz" name="8706842.fig.002c" type="image/svg+xml"></object></td></tr><tr class="fig-caption"><td><b>(c) </b>PDF of income change rate</td></tr><tr class="fig-image" id="d"><td><object data="https://static-preview.hindawi.com/articles/mpe/volume-2018/8706842/figures/8706842.fig.002d.svgz" name="8706842.fig.002d" type="image/svg+xml"></object></td></tr><tr class="fig-caption"><td><b>(d) </b>Logarithmic PDF of income change rate</td></tr></table>

<div>Comparison on the PDFs of income and income change rate in case 1.</div>

Mathematical Problems in Engineering

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Figure 2

Figure 2: Stochastic Analysis of a Nonlinear Business Cycle Model with Correlated Random Income Disturbance 