COEXISTENCE OF A LIMIT-CYCLE AND AN EQUILIBRIUM IN KALDOR BUSINESS-CYCLE MODEL AND ITS CONSEQUENCES

Authors
GRASMAN J WENTZEL JJ
Citation
J. Grasman et Jj. Wentzel, COEXISTENCE OF A LIMIT-CYCLE AND AN EQUILIBRIUM IN KALDOR BUSINESS-CYCLE MODEL AND ITS CONSEQUENCES, Journal of economic behavior & organization, 24(3), 1994, pp. 369-377
Citations number
13
Categorie Soggetti
Economics
Journal title
Journal of economic behavior & organization → ACNP
ISSN journal
01672681
Volume
24
Issue
3
Year of publication
1994
Pages
369 - 377
Database
ISI
SICI code
0167-2681(1994)24:3<369:COALAA>2.0.ZU;2-5
Abstract
With asymptotic methods it is shown that in the Kaldor business cycle model co-existence of a stable equilibrium and a stable limit cycle is possible. Its consequences for the dynamics of a model with noise and for periodically driven and mutually coupled Kaldor models are discus sed.