Multiple attractors and business fluctuations in a nonlinear macro-model with equity rationing

DOI10.1016/J.MCM.2010.12.016MaRDI QIDQ552158zbMATH OpenOpenAlexFDO

Authors Roberto Dieci, Mauro Gallegati

Publication date 21 July 2011

Published in Mathematical and Computer Modelling (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.mcm.2010.12.016

zbMATH Keywords

nonlinear dynamicsbifurcation analysismultiple attractorsbusiness fluctuations

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamical systems in optimization and economics (37N40) Attractors and repellers of smooth dynamical systems and their topological structure (37C70)

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Cited in

(5)

• Endogenous economic resilience, loss of resilience, persistent cycles, multiple attractors, and disruptive contractions
• Heterogeneous expectations, boom-bust housing cycles, and supply conditions: a nonlinear economic dynamics approach
• Complex behaviour in a piecewise linear dynamic macroeconomic model with endogenous discontinuity
• Real and financial market interactions in a multiplier-accelerator model: nonlinear dynamics, multistability and stylized facts
• Nonlinear endogenous business cycles: Zambelli-Goodwin excursions in cellular automata worlds

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Uses Software

• DMC

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