Hopf bifurcation in a dynamic IS-LM model with time delay

Mihaela Neamtu, Dumitru Opris and Constantin Chilarescu

MPRA Paper from University Library of Munich, Germany

Abstract: The paper investigates the impact of delayed tax revenues on the fiscal policy out-comes. Choosing the delay as a bifurcation parameter we study the direction and the stability of the bifurcating periodic solutions. We show when the system is stable with respect to the delay. Some numerical examples are given to confirm the theoretical results.

Keywords: delay differential equation; stability; Hopf bifurcation; IS-LM model (search for similar items in EconPapers)
JEL-codes: C02 C51 C63 (search for similar items in EconPapers)
Date: 2005-11-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Chaos, Solitons and Fractals 2.34(2007): pp. 519-530

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/13270/1/MPRA_paper_13270.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13270

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter (winter@lmu.de).