Complete coefficient criteria for five-dimensional Hopf bifurcations, with an application to economic dynamics
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Summary: Paper presents a complete mathematical characterization of coefficient criteria for five-dimensional Hopf bifurcations and an example of the application of these criteria to a model of economic dynamics. The application illustrates that the proposed criteria are practical and useful in determining the existence or nonexistence of Hopf bifurcations of five-dimensional dynamical systems in entire ranges of the system's parameters.
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- scientific article; zbMATH DE number 123944
Cites work
- Coefficient criterion for four-dimensional Hopf bifurcations: a complete mathematical characterization and applications to economic dynamics
- Criterion of Hopf bifurcations without using eigenvalues
- Kaldorian dynamics in an open economy
- Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
- Nonlinear Phillips curves, complex dynamics and monetary policy in a Keynesian macro model
- Remarks on the economic interpretation of Hopf bifurcations
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