Journalartikel

Jahr der Veröffentlichung: 1994

Seiten: 572-596

Zeitschrift: Journal of Economics and Statistics

Bandnummer: 213

Heftnummer: 5

ISSN: 0021-4027

DOI Link: https://doi.org/10.1515/jbnst-1994-0505

Verlag: De Gruyter Brill

Abstract: 
A linearized model of the (macro) hysteresis loop is derived which shares a closer affinity to the original concept of hysteresis than conventional descriptive techniques by linear difference equations. The original loop is approximately by a rhombus shape path consisting of linear partial functions. Persisting effects are captured by vertical shifts of the linear sections. Additionally, a linear-hysteretic regression model is introduced and exemplarily applied for the analysis of the relation between dollar/Yen exchange rate and the US-imports from Japan.

Harvard-Zitierstil: Göcke, M. (1994) An Approximation of the Hysteresis Loop by Linear Partial Functions. Econometric Modelling and Estimation, Jahrbücher für Nationalökonomie und Statistik - Journal of Economics and Statistics, 213(5), pp. 572-596. https://doi.org/10.1515/jbnst-1994-0505

APA-Zitierstil: Göcke, M. (1994). An Approximation of the Hysteresis Loop by Linear Partial Functions. Econometric Modelling and Estimation. Jahrbücher für Nationalökonomie und Statistik - Journal of Economics and Statistics. 213(5), 572-596. https://doi.org/10.1515/jbnst-1994-0505