Some notes on the structure of limit sets in IS-LM models
BELLA, GIOVANNI;MATTANA, PAOLO;VENTURI, BEATRICE
2014-01-01
Abstract
We analyze the global dynamics of the solutions of a general non-linear fixed-price disequilibrium IS-LM model, where the investment function avoids any Kaldor-type assumption. The structure of the limit sets of the model with a third order non linearity is studied. We use rigorous arguments to show that, as the bifurcation parameters vary, a wide range of dynamical behavior is displayed.File | Size | Format | |
---|---|---|---|
Procedia.pdf Solo gestori archivio
Size 299.47 kB
Format Adobe PDF
|
299.47 kB | Adobe PDF | & nbsp; View / Open Request a copy |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.