COEXISTENCE OF A LIMIT-CYCLE AND AN EQUILIBRIUM IN KALDOR BUSINESS-CYCLE MODEL AND ITS CONSEQUENCES

被引:36
作者
GRASMAN, J
WENTZEL, JJ
机构
[1] Department of Mathematics, Agricultural University, 6703 HA Wageningen
关键词
BUSINESS CYCLE; KALDOR MODEL;
D O I
10.1016/0167-2681(94)90043-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
With asymptotic methods it is shown that in the Kaldor business cycle model co-existence of a stable equilibrium and a stable limit cycle is possible. Its consequences for the dynamics of a model with noise and for periodically driven and mutually coupled Kaldor models are discussed.
引用
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页码:369 / 377
页数:9
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