Robustness and Stability of Limit Cycles in a Class of Planar Dynamical Systems
Using a macroeconomic example, the paper proposes an algorithm to symbolically construct the topological normal form of Andronov-Hopf bifurcation. It also offers a program, using the Computer Algebra System `Maxima', to apply this algorithm. In case the limit cycle turns out to be unstable, the possibilities of the dynamics converging to another limit cycle is explored.
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- Chiarella,Carl & Flaschel,Peter & Franke,Reiner, 2011.
"Foundations for a Disequilibrium Theory of the Business Cycle,"
Cambridge University Press, number 9780521369923, May.
- Chiarella,Carl & Flaschel,Peter & Franke,Reiner, 2005. "Foundations for a Disequilibrium Theory of the Business Cycle," Cambridge Books, Cambridge University Press, number 9780521850254, May.
- Toichiro Asada & Pu Chen & Carl Chiarella & Peter Flaschel, 2004.
"Keynesian Dynamics and the Wage-Price Spiral: A Baseline Disequilibrium Model,"
Working Paper Series
139, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
- Asada, Toichiro & Chen, Pu & Chiarella, Carl & Flaschel, Peter, 2006. "Keynesian dynamics and the wage-price spiral: A baseline disequilibrium model," Journal of Macroeconomics, Elsevier, vol. 28(1), pages 90-130, March.
- Kind, Christoph, 1999. "Remarks on the economic interpretation of Hopf bifurcations," Economics Letters, Elsevier, vol. 62(2), pages 147-154, February.
- Benhabib, Jess & Nishimura, Kazuo, 1979. "The hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth," Journal of Economic Theory, Elsevier, vol. 21(3), pages 421-444, December.
- Velupillai, K. Vela, 2006.
"A disequilibrium macrodynamic model of fluctuations,"
Journal of Macroeconomics,
Elsevier, vol. 28(4), pages 752-767, December.
- K. Vela Velupillai, 2004. "A Disequilibrium Macrodynamic Model of Fluctuations," Working Papers 0081, National University of Ireland Galway, Department of Economics, revised 2004.
- Datta, Soumya, 2012. "Cycles and Crises in a Model of Debt-financed Investment-led Growth," MPRA Paper 50200, University Library of Munich, Germany, revised 12 Dec 2012.
- Chiarella,Carl & Flaschel,Peter, 2011.
"The Dynamics of Keynesian Monetary Growth,"
Cambridge University Press, number 9780521180184, May.
- Chiarella, Carl & Flaschel, Peter & Wells, Graeme, 2003. "The Dynamics Of Keynesian Monetary Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 7(03), pages 473-475, June.
- Chiarella,Carl & Flaschel,Peter, 2000. "The Dynamics of Keynesian Monetary Growth," Cambridge Books, Cambridge University Press, number 9780521643511, May.
- Franke, Reiner, 1992. "Stable, Unstable, and Persistent Cyclical Behaviour in a Keynes-Wicksell Monetary Growth Model," Oxford Economic Papers, Oxford University Press, vol. 44(2), pages 242-256, April.
- Benhabib, Jess & Miyao, Takahiro, 1981. "Some New Results on the Dynamics of the Generalized Tobin Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(3), pages 589-596, October.
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