On dynamics in a two-sector Keynesian model of business cycles

被引：6
|
作者：
Murakami, Hiroki [1 ]
Zimka, Rudolf [2 ]
机构：
[1] Chuo Univ, Fac Econ, 742-1 Higashi Nakano, Hachioji, Tokyo 1920393, Japan
[2] Matej Bel Univ, Fac Econ, Tajovskeho 10, Banska Bystrica 97590, Slovakia
来源：
CHAOS SOLITONS & FRACTALS | 2020年 / 130卷
关键词：
Keynesian economics; Two-sector model; Equilibrium; Stability; Limit cycles; NONLINEAR ACCELERATOR; STABILIZATION POLICY; ECONOMIC-STABILITY; HOPF BIFURCATIONS; GROWTH CYCLES; EXISTENCE; FLEXIBILITY; MONETARY; PERSISTENCE; INVESTMENT;
D O I：
10.1016/j.chaos.2019.109419
中图分类号：
O1 [数学];
学科分类号：
0701 ; 070101 ;
摘要：
The paper investigates a two-sector Keynesian model of business cycles, describing the fluctuations of consumption and investment goods. It makes an analysis of issues concerning the existence of limit cycles around its equilibrium. There is derived the bifurcation equation of the model, giving conditions for the existence of limit cycles and their stability. The achieved results are illustrated on an example with numerical simulations. (C) 2019 Elsevier Ltd. All rights reserved.
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页数：8
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