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- W2116882209 abstract "In this paper a four-dimensional macroeconomic model of a small open economy, describing the development of income, capital stock, interest rate and money stock, which was constructed in [5] (Makovínyiová, K. & Zimka, R. (2009) On stability in generalized Schinasi's macroeconomic model under fixed exchange rates. Tatra Mt. Math. Publ . 43 , 115–122), is analysed. Sufficient conditions for the existence of one pair of purely imaginary eigenvalues and two eigenvalues with negative real parts in the linear approximation matrix of the model are found. Formulae for the calculation of the bifurcation coefficients of the model are derived. A statement about the existence of limit cycles is made. A numerical example is given illustrating the results." @default.
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- W2116882209 date "2013-02-22" @default.
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- W2116882209 title "On the bifurcation of limit cycles in a dynamic model of a small open economy" @default.
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- W2116882209 doi "https://doi.org/10.1017/s0956792513000053" @default.
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