Revisiting the model of credit cycles with good and bad projects

DOI10.1016/J.JET.2016.02.010MaRDI QIDQ281376zbMATH OpenOpenAlexFDO

Authors Kiminori Matsuyama, Iryna Sushko, Laura Gardini

Publication date 11 May 2016

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://www.imes.boj.or.jp/research/papers/english/15-E-02.pdf

zbMATH Keywords

regime-switchingcomposition of credit flowscorridor stabilityfinancial instabilitypiecewise smooth nonlinear dynamical systemskew-tent map

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• Continuous and discontinuous piecewise-smooth one-dimensional maps. Invariant sets and bifurcation structures
• Dualism and Macroeconomic Volatility
• Growing Through Cycles
• Growing through chaotic intervals
• Moral-hazard credit cycles with risk-averse agents
• Optimal debt contracts and moral hazard along the business cycle
• Some New Results on the Dynamics of the Generalized Tobin Model
• Superstable credit cycles and U-sequence
• The good, the bad, and the ugly: an inquiry into the causes and nature of credit cycles

Cited in

(20)

• Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps
• Destabilizing effects of market size in the dynamics of innovation
• Chaotic dynamics of a piecewise linear model of credit cycles
• Robust chaos in a credit cycle model defined by a one-dimensional piecewise smooth map
• The good, the bad, and the ugly: an inquiry into the causes and nature of credit cycles
• Endogenous economic resilience, loss of resilience, persistent cycles, multiple attractors, and disruptive contractions
• Financial destabilization
• Growing through chaos in the Matsuyama map via subcritical flip bifurcation and bistability
• Technology choice, externalities in production, and a chaotic middle-income trap
• Endogenous instability in credit-constrained emerging economies with Leontief technology
• Chaotic dynamics in credit constrained emerging economies
• Dangerous Bifurcations Revisited
• Superstable credit cycles and U-sequence
• On growing through cycles: Matsuyama's M-map and Li-Yorke chaos
• A piecewise linear model of credit traps and credit cycles: a complete characterization
• 1D piecewise smooth map: exploring a model of investment dynamics under financial frictions with three types of investment projects
• Volatile capital flows and financial integration: the role of moral hazard
• Dynamics of a two-dimensional map on nested circles and rings
• Nonsmooth one-dimensional maps: some basic concepts and definitions
• Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!

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