Multi-parameter bifurcations of the Kaldor-Kalecki model of business cycles with delay
In this paper, we study the following Kaldor-Kalecki model of business cycles describing the interaction of the gross product \(Y\) and the capital product \(K\): \[ \frac{dY(t)}{dt}= \alpha\big[I(Y(t))- \beta K(t)-\gamma Y(t)\big], \qquad \frac{dK(t)}{dt}= I(Y(t-\tau))- (\beta+q)K(t). \] Single and multi-parameter bifurcation analysis of the system is carried out to perform center manifold reduction. We show that this system can exhibit codimension-1 singularity (transcritical and pitchfork bifurcations) and codimenion-2 singularity (nontransversal and symmetric BT bifurcations) under certain conditions on the time delay \(\tau\) and the nonlinearity of \(I(Y)\) by using the normal form method for DDEs due to Faria and Magalhães. In addition, we use the normal forms of the system to predict bifurcation diagrams such as pitchfork bifurcations, homoclinic bifurcations and double limit cycle bifurcations, which are confirmed by numerical simulations.
- Bifurcation analysis of a Kaldor-Kalecki model of business cycle with time delay
- Bifurcation analysis for the Kaldor-Kalecki model with two delays
- A Hopf bifurcation analysis for a Kaldor-Kalecki model of business cycles with two different delays
- Simple-zero and double-zero singularities of a Kaldor-Kalecki model of business cycles with delay
- Hopf bifurcation analysis in a delayed Kaldor-Kalecki model of business cycle
- Applications of centre manifold theory
- Dynamics in infinite dimensions. Appendix by Krzysztof P. Rybakowski.
- Elements of applied bifurcation theory
- scientific article; zbMATH DE number 638936 (Why is no real title available?)
- scientific article; zbMATH DE number 2066160 (Why is no real title available?)
- Nonlinear oscillations in business cycle model with time lags
- Normal forms for retarded functional differential equations and applications to Bogdanov-Takens singularity
- Normal forms for retarded functional differential equations with parameters and applications to Hopf bifurcation
- Stability and bifurcation analysis in a kind of business cycle model with delay
- The Kaldor-Kalecki business cycle model
- Bifurcation analysis for the Kaldor-Kalecki model with two delays
- Complex dynamics of a Kaldor model of business cycle with discrete-time
- Stochastic sensitivity analysis of the variability of dynamics and transition to chaos in the business cycles model
- How interest rate influences a business cycle model
- Stability and Hopf bifurcation for a business cycle model with expectation and delay
- Mathematical analysis of a delayed IS-LM model with general investment function
- A generalized business cycle model with delays in gross product and capital stock
- Zero-Hopf singularity for general delayed differential equations
- A Hopf bifurcation analysis for a Kaldor-Kalecki model of business cycles with two different delays
- Bifurcation analysis of a Kaldor-Kalecki model of business cycle with time delay
- Zero-Hopf bifurcation analysis of a Kaldor-Kalecki model of business cycle with delay
- Bounded Oscillations in the Hicks Business Cycle Model and other Delay Equations
- Complex dynamics of economic models with time delay
- Analysis of dynamic regimes in stochastically forced Kaldor model
- Dynamics of a delayed business cycle model with general investment function
- Triple-zero singularity of a Kaldor-Kalecki model of business cycles with delay
- Codimension-2 bifurcations of the Kaldor model of business cycle
- EXCITABILITY AND COMPLEX MIXED-MODE OSCILLATIONS IN STOCHASTIC BUSINESS CYCLE MODEL
- Hopf bifurcation analysis of a continuous investment update project model
- Dynamic analysis for a Kaldor-Kalecki model of business cycle with time delay and diffusion effect
- The investment gestation period in the so called Kaldor-Kalecki model. A new approach
- Stability and Hopf bifurcations in a business cycle model with delay
- Simple-zero and double-zero singularities of a Kaldor-Kalecki model of business cycles with delay
This page was built for publication: Multi-parameter bifurcations of the Kaldor-Kalecki model of business cycles with delay
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2655099)
