کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
884772 | 912415 | 2007 | 24 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Homoclinic tangles in a Kaldor-like business cycle model
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Homoclinic tangles in a Kaldor-like business cycle model Homoclinic tangles in a Kaldor-like business cycle model](/preview/png/884772.png)
چکیده انگلیسی
In this paper a nonlinear discrete-time business cycle model of Kaldor-type is considered, to illustrate particular global bifurcations which determine the appearance or disappearance of attracting and repelling closed invariant curves. Such bifurcations sequences, which involve homoclinic tangencies and transversal intersection of the stable and unstable manifolds of saddle cycles, may increase the complexity of the basins of attraction of multiple, coexisting attractors. Particularly, for the business cycle model examined here, such dynamic phenomena explain the co-existence of two stable steady states and an attracting closed curve, with an intricate basin structure, for wide ranges of the parameters.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 62, Issue 3, March 2007, Pages 324–347
Journal: Journal of Economic Behavior & Organization - Volume 62, Issue 3, March 2007, Pages 324–347
نویسندگان
Anna Agliari, Roberto Dieci, Laura Gardini,