Hopf bifurcation in the IS-LM business cycle model with time delay

Hopf bifurcation in the IS-LM business cycle model with time delay

The distinction between investment decisions and implementation leads us to formulate a new IS-LM business cycle model. It is shown that the dynamics depends crucially on the time delay parameter - the gestation time period of investment. The Hopf bifurcation theorem is used to predict the occurrenc...

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Bibliographic Details
Main Author: Jianping Cai
Format: Article
Language:English
Published: Texas State University 2005-02-01
Series:Electronic Journal of Differential Equations
Subjects:
Hopf bifurcation
business cycle
IS-LM model
time delay.
Online Access:http://ejde.math.txstate.edu/Volumes/2005/15/abstr.html

Internet

http://ejde.math.txstate.edu/Volumes/2005/15/abstr.html

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