discretizations. In the first part, we introduce general polynomial discretizations in backward and forward looking and we study the … preservation of stability properties and local bifurcations under different discretizations. In the second part, we apply these … discretizations of the continuous-time model because of the forward-looking nature of the Euler equation. The introduction of …

In this paper, we apply first and higher-order Euler discretizations to compare dynamic systems in discrete and … these bifurcations disappear under a critical discretization step or under higher-order Euler discretizations. In the second …), can be recovered under first-roder backward-looking discretizations because of the predetermined nature of capital. Models …