Multiple Attractors and Nonlinear Dynamics in an Overlapping Generations Model with Environment

Abstract EN

This paper develops a one-sector productive overlapping generations model with environment where a CES technology is assumed.

Relying on numerical and geometrical approaches, various dynamic properties of the proposed model are explored: the existence of the phenomenon of multistability or the coexistence of different attractors was demonstrated.

Finally, we describe a nontypical global bifurcation which determines the appearance of an attracting cycle.