Author： Bella Giovanni Mattana Paolo Venturi Beatrice
Publisher： Inderscience Publishers
ISSN： 2040-3607
Source： International Journal of Mathematical Modelling and Numerical Optimisation, Vol.4, Iss.1, 2013-01, pp. : 1-13
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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.
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