The double scroll chaotic attractor in the dynamics of a fixed-price IS-LM model (Q1950175)
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| Language | Label | Description | Also known as |
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| English | The double scroll chaotic attractor in the dynamics of a fixed-price IS-LM model |
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The double scroll chaotic attractor in the dynamics of a fixed-price IS-LM model (English)
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10 May 2013
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Summary: With the aim of exploring the conditions which determine a chaotic behaviour in the long-run properties of an economic model, this paper innovates the existing Keynesian macroeconomic literature by showing that the dynamics of the well-known IS-LM model may generate a double-scroll strange attractor, for a particular set of structural parameters.
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global bifurcation
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Bogdanov-Takens singularity
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double scroll attractor
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IS-LM model
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