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Dynamics and stability in IS-LM models: A re-examination

✍ Scribed by Olivier de la Grandville

Book ID
113247701
Publisher
Elsevier Science
Year
1986
Tongue
English
Weight
695 KB
Volume
8
Category
Article
ISSN
0164-0704

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πŸ“œ SIMILAR VOLUMES

A dynamic IS-LM business cycle model wit
A dynamic IS-LM business cycle model with two time delays in capital accumulation equation
✍ Lujun Zhou; Yaqiong Li πŸ“‚ Article πŸ“… 2009 πŸ› Elsevier Science 🌐 English βš– 449 KB

In this paper, we analyze a augmented IS-LM business cycle model with the capital accumulation equation that two time delays are considered in investment processes according to Kalecki's idea. Applying stability switch criteria and Hopf bifurcation theory, we prove that time delays cause the equilib