On the bifurcation of limit cycles in a dynamic model of a small open economy

DOI10.1017/S0956792513000053MaRDI QIDQ4928762zbMATH OpenFDO

Authors Katarína Makovínyiová, Rudolf Zimka

Publication date 18 June 2013

Published in European Journal of Applied Mathematics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/S0956792513000053

zbMATH Keywords

bifurcation equationequilibriumlimit cyclemacroeconomic dynamic modelnormal form of differential equations on centre manifoldstability

Mathematics Subject Classification ID

Topological structure of integral curves, singular points, limit cycles of ordinary differential equations (34C05) Bifurcation theory for ordinary differential equations (34C23) Qualitative investigation and simulation of ordinary differential equation models (34C60) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Criterion of Hopf bifurcations without using eigenvalues
• Kaldorian dynamics in an open economy

Cited in

(8)

• Bifurcations in an economic model with fractional degree
• On the bifurcation of a torus in a small open economy model
• scientific article; zbMATH DE number 3956765 (Why is no real title available?)
• Economic cycles in an inflationary open economy
• The stability of normal equilibrium point and the existence of limit cycles in a simple Keynesian macrodynamic model of monetary policy
• scientific article; zbMATH DE number 2114134 (Why is no real title available?)
• On the birth and death of algebraic limit cycles in quadratic differential systems
• On the existence and stability of business cycles in a dynamic model of a closed economy

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