Stability and Hopf Bifurcation Analysis on a Nonlinear Business Cycle Model
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-08-18
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
This study begins with the establishment of a three-dimension business cycle model based on the condition of a fixed exchange rate.
Using the established model, the reported study proceeds to describe and discuss the existence of the equilibrium and stability of the economic system near the equilibrium point as a function of the speed of market regulation and the degree of capital liquidity and a stable region is defined.
In addition, the condition of Hopf bifurcation is discussed and the stability of a periodic solution, which is generated by the Hopf bifurcation and the direction of the Hopf bifurcation, is provided.
Finally, a numerical simulation is provided to confirm the theoretical results.
This study plays an important role in theoretical understanding of business cycle models and it is crucial for decision makers in formulating macroeconomic policies as detailed in the conclusions of this report.
American Psychological Association (APA)
Zhao, Liming& Zhao, Zhipei. 2016. Stability and Hopf Bifurcation Analysis on a Nonlinear Business Cycle Model. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-15.
https://search.emarefa.net/detail/BIM-1111915
Modern Language Association (MLA)
Zhao, Liming& Zhao, Zhipei. Stability and Hopf Bifurcation Analysis on a Nonlinear Business Cycle Model. Mathematical Problems in Engineering No. 2016 (2016), pp.1-15.
https://search.emarefa.net/detail/BIM-1111915
American Medical Association (AMA)
Zhao, Liming& Zhao, Zhipei. Stability and Hopf Bifurcation Analysis on a Nonlinear Business Cycle Model. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-15.
https://search.emarefa.net/detail/BIM-1111915
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1111915