Journal article
Authors list: Göcke, M
Publication year: 1994
Pages: 572-596
Journal: Journal of Economics and Statistics
Volume number: 213
Issue number: 5
ISSN: 0021-4027
DOI Link: https://doi.org/10.1515/jbnst-1994-0505
Publisher: 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.
Citation Styles
Harvard Citation style: 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 Citation style: 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
