J4 ›› 2011, Vol. 46 ›› Issue (7): 78-82.

• Articles • Previous Articles     Next Articles

Novel criterion of exponential stability for a generic linear rational expectations model of economy

LIU Long1, LI Ming2, YU Li-yang3   

  1. 1. College of Science, Heilongjiang Institute of Science and Technology, Harbin 150027, Heilongjiang, China;
     2. School of Science, Harbin Engineering University, Harbin 150001, Heilongjiang, China;
    3. Department of Computer Science and Technology, Mudanjiang Normal University,
    Mudanjiang  157012, Heilongjiang, China
  • Received:2011-03-07 Online:2011-07-20 Published:2011-09-08

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Abstract:

The problem of exponential stability for a generic linear rational expectations model of economy was discussed. The norm-bounded uncertainties were used to describe the uncertainties of economic system. Based on the approach of LMI, the result was presented. Finally, an example was given to show the benefit of the presented approach.

Key words:  Economic model;  linear rational expectations model; linear matrix inequalities(LMIs)

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