Analytical expressions of periodic disequilibrium fluctuations generated by Hopf bifurcations in economic dynamics

DOI10.1016/J.AMC.2011.12.063zbMath1242.91129OpenAlexW2062539308MaRDI QIDQ434664

J. Herrera, H. S. Yoon

Publication date: 16 July 2012

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

Full work available at URL: https://doi.org/10.1016/j.amc.2011.12.063

zbMATH Keywords

stabilityHopf bifurcationscyclesanalytical expressionsmacrodynamics

Mathematics Subject Classification ID

Economic growth models (91B62) Dynamical systems in optimization and economics (37N40)

Related Items (5)

On Dynamics of a Three-Country Kaldorian Model of Business Cycles with Fixed Exchange Rates ⋮ A three-country Kaldorian business cycle model with fixed exchange rates: a continuous time analysis ⋮ On the computation of degenerate Hopf bifurcations for \(n\)-dimensional multiparameter vector fields ⋮ Stability and Hopf bifurcation analysis on a nonlinear business cycle model ⋮ An efficient center manifold technique for Hopf bifurcation of \(n\)-dimensional multi-parameter systems

Cites Work

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• Numerical exploration of Kaldorian macrodynamics: Enhanced stability and predominance of period doubling and chaos with flexible exchange rates
• Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
• On the analysis of Hopf bifurcations
• Kaldorian dynamics in an open economy
• Numerical exploration of Kaldorian macrodynamics: Hopf-Neimark bifurcations and business cycles with fixed exchange rates
• Coexistence of Attractors and Homoclinic Loops in a Kaldor-Like Business Cycle Model
• Elements of applied bifurcation theory

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