ON DYNAMICS IN A MEDIUM-TERM KEYNESIAN MODEL

被引：1
|
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：
DISCRETE AND CONTINUOUS DYNAMICAL SYSTEMS-SERIES B | 2021年 / 26卷 / 11期
关键词：
Business cycles; equilibrium; Keynesian economics; stability; STABILIZATION POLICY; ECONOMIC-STABILITY; WAGE FLEXIBILITY; MONETARY-POLICY; BUSINESS-CYCLE; GROWTH-CYCLE; INFLATION; EXPECTATIONS; EXISTENCE;
D O I：
10.3934/dcdsb.2021145
中图分类号：
O29 [应用数学];
学科分类号：
070104 ;
摘要：
This paper rigorously examines the (in)stability of limit cycles generated by Hopf bifurcations in a medium-term Keynesian model. The bifurcation equation of the model is derived and the conditions for stable and unstable limit cycles are presented. Numerical simulations are performed to illustrate the analytical results.
引用
收藏
页码：5925 / 5940
页数：16
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