The double scroll chaotic attractor in the dynamics of a fixed-price IS-LM model

TitleThe double scroll chaotic attractor in the dynamics of a fixed-price IS-LM model
Publication TypeJournal Article
Year of Publication2013
AuthorsBella, G, Mattana, P, Venturi, B
JournalINTERNATIONAL JOURNAL OF MATHEMATICAL MODELLING AND NUMERICAL OPTIMISATION
Volume4(1)
Pagination1–13
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.

DOI10.1504/IJMMNO.2013.051332