On dynamics in a two-sector Keynesian model of business cycles

Hiroki Murakami () and Rudolf Zimka

Chaos, Solitons & Fractals, 2020, vol. 130, issue C

Abstract: The paper investigates a two-sector Keynesian model of business cycles, describing the fluctuations of consumption and investment goods. It makes an analysis of issues concerning the existence of limit cycles around its equilibrium. There is derived the bifurcation equation of the model, giving conditions for the existence of limit cycles and their stability. The achieved results are illustrated on an example with numerical simulations.

Keywords: Keynesian economics; Two-sector model; Equilibrium; Stability; Limit cycles (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:130:y:2020:i:c:s0960077919303601

DOI: 10.1016/j.chaos.2019.109419

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