Research Article
Stochastic Analysis of a Nonlinear Business Cycle Model with Correlated Random Income Disturbance
Table 1
Parameter settings in numerical analysis.
| | Item | ν | s | γ | η | Remarks |
| | 0.1 | 0.1 | 0.1 | 0.1 | low saving rate | | 0.1 | 0.5 | 0.1 | 0.1 | high saving rate | | 0.1 | 0.5 | 0.2 | 0.5 | increased disturbance | | 0.5 | 0.1 | 0.1 | 0.1 | strong nonlinearity with low s | | 0.5 | 0.5 | 0.1 | 0.1 | strong nonlinearity with high s | | 0.5 | 0.5 | 0.2 | 1.0 | full correlation |
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