Chaotic business cycles and fiscal policy: An IS-LM model with distributed tax collection lags

被引：73

作者：

Fanti, Luciano

Manfredi, Piero

机构：

[1] Dipartimento Stat & Matemat Applicata Econ, I-56124 Pisa, Italy

[2] Dipartimento Sci Econ, I-56124 Pisa, Italy

来源：

CHAOS SOLITONS & FRACTALS | 2007年 / 32卷 / 02期

关键词：

D O I：

10.1016/j.chaos.2005.11.024

中图分类号：

O1 [数学];

学科分类号：

0701 ; 070101 ;

摘要：

A continuous time economic IS-LM model with distributed tax collection lag is proposed. Phase transitions from stability to stable oscillations and finally to chaotic motion are shown to occur. The model thus offers an explanation of the multiperiodicity and irregularity in business cycles. The suggested implications in fiscal control policy could be of help in the current economic and political debate on the role of fiscal policy in the European countries. (c) 2005 Elsevier Ltd. All rights reserved.

引用

页码：736 / 744

页数：9

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