Datta, Soumya (2013): Convergence, cycles and complex dynamics of financing investment.

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Abstract
This paper demonstrates the diverse dynamical possibilities of a simple macroeconomic model of debtfinanced investmentled growth in the presence of interest rate rules. We show possibilities of convergence to steady state, growth cycles around it as well as various complex dynamics from codim 1 and codim 2 bifurcations. The effectiveness of monetary policy in the form of interest rate rules is examined under this context.
Item Type:  MPRA Paper 

Original Title:  Convergence, cycles and complex dynamics of financing investment 
English Title:  Convergence, cycles and complex dynamics of financing investment 
Language:  English 
Keywords:  Growth cycles, Hopf bifurcation, complex dynamics, Taylor rule 
Subjects:  C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62  Existence and Stability Conditions of Equilibrium C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C69  Other E  Macroeconomics and Monetary Economics > E1  General Aggregative Models > E12  Keynes ; Keynesian ; PostKeynesian E  Macroeconomics and Monetary Economics > E3  Prices, Business Fluctuations, and Cycles > E32  Business Fluctuations ; Cycles 
Item ID:  52111 
Depositing User:  Dr. Soumya Datta 
Date Deposited:  10. Dec 2013 21:30 
Last Modified:  10. Dec 2013 21:38 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/52111 