Hopf bifurcation in a dynamic IS-LM model with time delay
Dynamical Systems
2007-05-23 v1
Abstract
In this paper we investigate the impact of delayed tax revenues on the fiscal policy out-comes. Choosing the delay as a bifurcation parameter we study the direction and the stability of the bifurcating periodic solutions. With respect to the delay we show when the system is stable. Some numerical examples are finally given for justifying the theoretical results.
Cite
@article{arxiv.math/0511322,
title = {Hopf bifurcation in a dynamic IS-LM model with time delay},
author = {Mihaela Neamtu and Dumitru Opris and Constantin Chilarescu},
journal= {arXiv preprint arXiv:math/0511322},
year = {2007}
}
Comments
13 pages, 12 figures