Neimark-Sacker bifurcation in a discrete-time financial system (Q1958762): Difference between revisions
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Revision as of 05:21, 5 March 2024
scientific article
| Language | Label | Description | Also known as |
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| English | Neimark-Sacker bifurcation in a discrete-time financial system |
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Neimark-Sacker bifurcation in a discrete-time financial system (English)
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29 September 2010
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Summary: A discrete-time financial system is proposed by using forward Euler scheme. Based on explicit Neimark-Sacker bifurcation (also called Hopf bifurcation for map) criterion, normal form method and center manifold theory, the system's existence, stability and direction of Neimark-Sacker bifurcation are studied. Numerical simulations are employed to validate the main results of this work. Some comparison of bifurcation between the discrete-time financial system and its continuous-time system is given.
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