A four-dimensional macroeconomic model of a small open economyunder fixed exchange rates is investigated. The model describesthe development of national income, capital stock, interest rateand money stock. Sufficient conditions for the existence of aninvariant torus are given. A numerical example illustrating thegained results is presented.
@article{100, title = {On the bifurcation of a torus in a small open economy model}, journal = {Tatra Mountains Mathematical Publications}, volume = {49}, year = {2011}, doi = {10.2478/tatra.v48i0.100}, language = {EN}, url = {http://dml.mathdoc.fr/item/100} }
Makovínyiová, Katarína; Zimka, Rudolf. On the bifurcation of a torus in a small open economy model. Tatra Mountains Mathematical Publications, Tome 49 (2011) . doi : 10.2478/tatra.v48i0.100. http://gdmltest.u-ga.fr/item/100/