Chaotic dynamics in a two-dimensional ov
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Masanori Yokoo
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Article
📅
2000
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Elsevier Science
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English
⚖ 540 KB
This paper investigates the global dynamics of a two-dimensional Diamond-type overlapping generations model extended to allow for government intervention. Using a singular perturbation method, we identify conditions under which transverse homoclinic points to the golden rule steady state are generat