Some notes on the structure of limit sets in IS-LM models

TitleSome notes on the structure of limit sets in IS-LM models
Publication TypeJournal Article
Year of Publication2014
AuthorsBella, G, Mattana, P, Venturi, B
JournalPROCEDIA: SOCIAL & BEHAVIORAL SCIENCES
Volume108
Pagination260–269
Abstract

We analyze the global dynamics of the solutions of a general non-linear fixed-price disequilibrium IS-LM model, where the investment function avoids any Kaldor-type assumption. The structure of the limit sets of the model with a third order non linearity is studied. We use rigorous arguments to show that, as the bifurcation parameters vary, a wide range of dynamical behavior is displayed.

DOI10.1016/j.sbspro.2013.12.836