A Nonsmooth Extension of Samuelson’s Multiplier-Accelerator Model

DOI10.1142/S0218127419300271zbMath1432.39013OpenAlexW2975225428MaRDI QIDQ5236657

Petri T. Piiroinen, Srinivasan Raghavendra

Publication date: 10 October 2019

Published in: International Journal of Bifurcation and Chaos (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1142/s0218127419300271

zbMATH Keywords

fixed pointsperiodic orbitsstabilization policychaotic attractormultiplier-accelerator modelnonsmooth map

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Additive difference equations (39A10) Applications of difference equations (39A60) Chaotic behavior of solutions of difference equations (39A33)

Related Items (2)

Mathematical Modelling Economy ⋮ Modifications of the Samuelson economic cycle model

Cites Work

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• Hicks' trade cycle revisited: cycles and bifurcations.
• Piecewise-smooth dynamical systems. Theory and applications
• Nonsmooth one-dimensional maps: some basic concepts and definitions
• Bifurcations in Nonsmooth Dynamical Systems
• On Endogenous Competitive Business Cycles
• The Nonlinear Accelerator and the Persistence of Business Cycles

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