Hopf bifurcation in a dynamic IS-LM model with time delay
Mihaela Neamtu, Dumitru Opris, Constantin Chilarescu
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.
Create a lesson
Related papers
A blueprint for the formalization of norm-variation of multiple ergodic averages for commuting transformations
Floris van Doorn, Polona Durcik, Joris Roos et al.
On some aspects of discrete groups acting ergodically on the boundary
Subhadip Dey, Mikołaj Frączyk, Sebastian Hurtado
A Structural Theory of Admissible Transitions in Biological Reaction Networks
Stephan Peter, Bashar Ibrahim
Sequential and distributive dual futile cycle: Hopf bifurcation can occur under parameter-rich kinetics but cannot occur under mass action kinetics
Nicola Vassena
Rigidity on the two-torus and Sarnak's conjecture
Yinshan Chang, Jian Wang, Junchang Zhou
Linear response for random systems with a cusp
Davrbek Oltiboev, Karim Rakhimov, Marks Ruziboev