Can business cycles arise in a two-regional model with fixed exchange rates?

Published Online: Nov 12, 2012

Page range: 123 - 135

DOI: https://doi.org/10.2478/v10127-009-0032-7

Keywords

dynamical model, equilibrium, matrix of linear approximation, eigenvalues, normal form of differential equations on invariant surface, bifurcation equation, business cycle

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