Existence of chaos in the plane \(\mathbb{R}^2\) and its application in macroeconomics

DOI10.1016/j.amc.2015.01.095zbMath1338.91095arXiv1403.0111OpenAlexW2054097023MaRDI QIDQ300119

Barbora Volná

Publication date: 23 June 2016

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

Full work available at URL: https://arxiv.org/abs/1403.0111

zbMATH Keywords

chaoseconomic cycleEuler equation branchingIS-LM/QY-ML model

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Dynamical systems in optimization and economics (37N40) Economic dynamics (91B55)

Related Items (1)

A stochastic dynamic model to evaluate the influence of economy and well-being on unemployment control

Cites Work

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• Chaotic sets and Euler equation branching
• A dynamic IS-LM business cycle model with two time delays in capital accumulation equation
• Augmented IS-LM model based on particular functions
• A dynamic IS-LM model with delayed taxation revenues
• Introduction to Applied Nonlinear Dynamical Systems and Chaos
• Fixed points imply chaos for a class of differential inclusions that arise in economic models

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