Shilnikov saddle-node bifurcation
نویسندگان
چکیده
منابع مشابه
The Shilnikov Saddle-Node Bifurcation in a Monetary Policy with Endogenous Time Preference
We improve the analysis made in Chang et al (2011), by exploring the possibilities for the raise of global indeterminacy via a Shilnikov saddle-node bifurcation on an invariant circle. This allows us to better understand the determinants for the emergence of endogenous fluctuations in a monetary policy model, and to explain the existence of irregular patterns. Hence, the economy may start at so...
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ژورنال
عنوان ژورنال: Scholarpedia
سال: 2008
ISSN: 1941-6016
DOI: 10.4249/scholarpedia.4789