Convergence, cycles and complex dynamics of financing investment

This paper demonstrates the diverse dynamical possibilities of a simple macroeconomic model of debt-financed investment-led growth in the presence of interest rate rules. We show possibilities of convergence to steady state, growth cycles around it as well as various complex dynamics from codim 1 and codim 2 bifurcations. The effectiveness of monetary policy in the form of interest rate rules is examined under this context.

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Year of publication:	2013-03-22
Authors:	Datta, Soumya

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Datta, Soumya (2013): Convergence, cycles and complex dynamics of financing investment.
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; C69 - Mathematical Methods and Programming. Other ; E12 - Keynes; Keynesian; Post-Keynesian ; E32 - Business Fluctuations; Cycles
Source:	BASE

Persistent link: https://www.econbiz.de/10015240019