The first thing you might do is put it on the machine and see what it looks like. It seems that without initial conditions this is necessary, perhaps it's a well known system.
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Bumbble Comm
On
$$\frac{\mathrm{d}y}{\mathrm{d}x}=\displaystyle\frac{\frac{\mathrm{d}y}{\mathrm{d}t}}{\frac{\mathrm{d}x}{\mathrm{d}t}} = y-x.$$
This is now a simple first order problem, with solutions $y = c\mathrm{e}^x+x+1.$ I think @Alan got his equations mixed around.
Related Questions in ORDINARY-DIFFERENTIAL-EQUATIONS
The first thing you might do is put it on the machine and see what it looks like. It seems that without initial conditions this is necessary, perhaps it's a well known system.