Homoclinic and heteroclinic bifurcations in an overlapping generations model with credit market imperfection

DOI10.1007/S10614-011-9282-YzbMath1282.91205OpenAlexW2036787883MaRDI QIDQ651354

George Vachadze, Anna Agliari

Publication date: 13 December 2011

Published in: Computational Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10614-011-9282-y

zbMATH Keywords

homoclinic bifurcationsheteroclinic bifurcationsendogenous fluctuationscredit market imperfectionelastic labor supply

Mathematics Subject Classification ID

Economic growth models (91B62) Dynamical systems in optimization and economics (37N40) Economic dynamics (91B55)

Related Items (8)

Complex dynamics in the market for loans ⋮ Local and global bifurcations in an economic growth model with endogenous labour supply and multiplicative external habits ⋮ Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks ⋮ Qualitative analysis of an infinite horizon optimal control problem of a shallow lake ⋮ Nonlinear dynamics and global indeterminacy in an overlapping generations model with environmental resources ⋮ Credit market imperfection, financial market globalization, and catastrophic transition ⋮ Indeterminacy and nonlinear dynamics in an OLG growth model with endogenous labour supply and inherited tastes ⋮ Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!

Cites Work

• Overlapping generations model with endogenous labor supply: general formulation
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• On the transition from local regular to global irregular fluctuations
• The design of monetary and fiscal policy: a global perspective
• Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations
• The perils of Taylor rules
• Indeterminacy and endogenous fluctuations with arbitrarily small externalities
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