Research Communication | Open Access
Volume 2019 | Communication ID 220
Volume 2019 | Communication ID 220
| Bifurcation And Chaos In the Open Macro-economique model IS-LM |
Youssef El Ouardi, Hicham El Bouanani, Noura Yousfi
Received |
Accepted |
Published |
Jan 31, 2019 |
Feb 26, 2019 |
Mar 01, 2019 |
Abstract: The main object of this work is to formulate a generalized delayed IS-LM model with anticipation function. First, we study the stability of the economic equilibrium and the local existence of Hopf bifurcation. Furthermore, we apply the Hopf bifurcation theorem to predict the occurrence of a limit cycle bifurcation for the time delay parameter. Finally, we verify the theoretical results by studying an example.