Fiscal policy delays and the classical growth cycle

DOI10.1016/J.AMC.2019.02.030MaRDI QIDQ2011072zbMATH OpenOpenAlexWikidataFDO

Authors Mario Sportelli, Luigi De Cesare

Publication date 28 November 2019

Published in Applied Mathematics and Computation (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.amc.2019.02.030

zbMATH Keywords

Hopf bifurcationlimit cyclegrowth cycleDDEs

Mathematics Subject Classification ID

Dynamical systems in optimization and economics (37N40) Stability theory of functional-differential equations (34K20) Economic growth models (91B62)

Recommendations

• Periodic, quasi-periodic and phase-locked oscillations and stability in the fiscal dynamical model with tax collection and decision-making delays
• Delayed tax revenues in a class-struggle model of growth cycle
• A dynamic IS-LM model with two time delays in the public sector
• scientific article; zbMATH DE number 1774544
• Stability and direction of Hopf bifurcations of a cyclical growth model with two-time delays and one-delay dependent coefficients

Cites work

• scientific article; zbMATH DE number 2066160 (Why is no real title available?)
• scientific article; zbMATH DE number 1774544 (Why is no real title available?)
• A dynamic IS-LM model with delayed taxation revenues
• A dynamic IS-LM model with two time delays in the public sector
• Bifurcation analysis of an autonomous epidemic predator-prey model with delay
• Bifurcation and control of chaos in a chemical system
• Chaotic business cycles and fiscal policy: An IS-LM model with distributed tax collection lags
• DESTABILIZING EFFECTS ON INCOME ADJUSTMENT PROCESS WITH FISCAL POLICY LAGS
• Elements of applied bifurcation theory
• Fiscal policy and the classical growth cycle
• Hopf bifurcation and chaos in macroeconomic models with policy lag
• Hopf bifurcation in a dynamic IS-LM model with time delay
• Hopf bifurcations of a ratio-dependent predator-prey model involving two discrete maturation time delays
• Numerical bifurcation analysis of delay differential equations using DDE-BIFTOOL
• On local bifurcations in neural field models with transmission delays
• Stability and Hopf bifurcation analysis of a prey-predator system with two delays
• Stability, instability and complex behavior in macrodynamic models with policy lag

Cited in

(10)

• Stability and direction of Hopf bifurcations of a cyclical growth model with two-time delays and one-delay dependent coefficients
• DESTABILIZING EFFECTS ON INCOME ADJUSTMENT PROCESS WITH FISCAL POLICY LAGS
• scientific article; zbMATH DE number 7721454 (Why is no real title available?)
• Stability analysis of the Kaldor model with time delays: monetary policy and government budget constraint
• Delayed tax revenues in a class-struggle model of growth cycle
• scientific article; zbMATH DE number 1774544 (Why is no real title available?)
• Periodic, quasi-periodic and phase-locked oscillations and stability in the fiscal dynamical model with tax collection and decision-making delays
• Inspecting the stability of non-linear is-LM model with dual time delay
• Probing the effects of fiscal policy delays in macroeconomic IS-LM model
• Stability analysis of a delay differential Kaldor's model with government policies

Describes a project that uses

Uses Software

• DDE-BIFTOOL

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