On dynamics in a Keynesian model of monetary stabilization policy with debt effect
On dynamics in a Keynesian model of monetary stabilization policy with debt effect
复制标题
具有债务效应的凯恩斯货币稳定政策模型的动力学
DOI：
10.1016/j.cnsns.2017.06.013
复制
发表时间：
2018
影响因子：
3.9
通讯作者：
Rudolf Zimka
中科院分区：
文献类型：
--
作者：
Toichiro Asada;M. Demetrian;Rudolf Zimka
本文建立了一个带有中央银行稳定政策的弹性价格四维模型，描述了企业的私人债务、产出、预期通货膨胀率和利率的发展。研究了在其正常平衡点附近存在极限环的问题。求出了分叉方程。给出了其系数的计算公式。通过数值模拟，给出了数值算例。
In this paper, a four-dimensional model of flexible prices with the central bank's stabilization policy, describing the development of the firms' private debt, the output, the expected rate of inflation and the rate of interest is analyzed. Questions concerning the existence of limit cycles around its normal equilibrium point are investigated. The bifurcation equation is found. The formulae for the calculation of its coefficients are gained. A numerical example is presented by means of numerical simulations.