The double scroll chaotic attractor in the dynamics of a fixed-price IS-LM model
| Title | The double scroll chaotic attractor in the dynamics of a fixed-price IS-LM model |
| Publication Type | Journal Article |
| Year of Publication | 2013 |
| Authors | Bella, G, Mattana, P, Venturi, B |
| Journal | INTERNATIONAL JOURNAL OF MATHEMATICAL MODELLING AND NUMERICAL OPTIMISATION |
| Volume | 4(1) |
| Pagination | 1–13 |
| Abstract | With the aim of exploring the conditions which determine a chaotic behavior in the long-run properties of an economic model, this paper innovates the existing Keynesian macroeconomic literature by showing that the dynamics of the well-known IS-LM model may generate a double-scroll strange attractor, for a particular set of structural parameters. |
| DOI | 10.1504/IJMMNO.2013.051332 |
