Stability Switches and Hopf Bifurcation in a Kaleckian Model of Business Cycle

This paper considers a Kaleckian type model of business cycle based on a nonlinear delay differential equation, whose associated characteristic equation is a transcendental equation with delay dependent coefficients. Using the conventional analysis introduced by Beretta and Kuang (2002), we show tha...

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Bibliographic Details
Main Authors: Luca Vincenzo Ballestra, Luca Guerrini, Graziella Pacelli
Format: Article
Language:English
Published: Wiley 2013-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2013/689372
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