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math.DS2026
Comparison of Phase-Plane and Trend-Based Qualitative Analysis of a Dynamic Two-Dimensional IS--LM Model
Barbora Volná, Mirko Dohnal
We compare the classical phase-plane analysis of a dynamic two-dimensional IS--LM model with a sign-based trend approach. Applying both methods to the same specification, we examin…
math.DS2014★ 5 cited
Existence of Chaos in Plane and its Application in Macroeconomics
Barbora Volná
The Devaney, Li-Yorke and distributional chaos in plane can occur in the continuous dynamical system generated by Euler equation branching. Euler equation branching…
math.DS2012★ 2 cited
Relaxation Oscillations in New IS-LM Model
Barbora Volná
In this paper, we create new version of IS-LM model. The original IS-LM model has two main deficiencies: assumptions of constant price level and of strictly exogenous money supply.…