The double scroll chaotic attractor in the dynamics of a fixed-price IS-LM model Online publication date: Sat, 26-Jul-2014
by Giovanni Bella; Paolo Mattana; Beatrice Venturi
International Journal of Mathematical Modelling and Numerical Optimisation (IJMMNO), Vol. 4, No. 1, 2013
Abstract: With the aim of exploring the conditions which determine a chaotic behaviour in the long-run properties of an economic model, this paper innovates the existing Keynesian macroeconomic literature by showing that the dynamics of the well-known IS-LM model may generate a double-scroll strange attractor, for a particular set of structural parameters.
Online publication date: Sat, 26-Jul-2014
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