Title of article
A dynamic IS-LM business cycle model with two time delays in capital accumulation equation
Author/Authors
Zhou، نويسنده , , Lujun and Li، نويسنده , , Yaqiong، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2009
Pages
6
From page
182
To page
187
Abstract
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 equilibrium to lose or gain stability and Hopf bifurcation occurs.
Keywords
Asymptotically Stable , Stability switch , IS-LM model , Hopf bifurcation , Time delays
Journal title
Journal of Computational and Applied Mathematics
Serial Year
2009
Journal title
Journal of Computational and Applied Mathematics
Record number
1554989
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