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Stability of limit cycle in a delayed IS-LM business cycle model
IS-LM business cycle delayed differential equations
2010/9/14
In this paper, we extend the work of J. Cai [1] in the nonlinear case using the investment function of the Kaldor-type. Actually we investigate the direction of the Hopf bifurcation and the stability ...
On the dynamic behavior of a delayed IS-LM business cycle model
IS-LM business cycle delayed differential equations
2010/9/13
In this paper, we formulate a delayed IS-LM model of business cycle. This model is represented by the Gabisch model [2] in considering the Kalecki assumption on time lag investment [5], i.e. there is ...