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• W2617777973 abstract "Abstract A problem of mathematical modeling of complex stochastic processes in macroeconomics is discussed. For the description of dynamics of income and capital stock, the well-known Kaldor model of business cycles is used as a basic example. The aim of the paper is to give an overview of the variety of stochastic phenomena which occur in Kaldor model forced by additive and parametric random noise. We study a generation of small- and large-amplitude stochastic oscillations, and their mixed-mode intermittency. To analyze these phenomena, we suggest a constructive approach combining the study of the peculiarities of deterministic phase portrait, and stochastic sensitivity of attractors. We show how parametric noise can stabilize the unstable equilibrium and transform dynamics of Kaldor system from order to chaos." @default.
• W2617777973 created "2017-06-05" @default.
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• W2617777973 date "2018-01-01" @default.
• W2617777973 modified "2023-09-26" @default.
• W2617777973 title "Stochastic sensitivity analysis of the variability of dynamics and transition to chaos in the business cycles model" @default.
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• W2617777973 doi "https://doi.org/10.1016/j.cnsns.2017.05.030" @default.
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