Bifurcation Structure in a Bimodal Piecewise Linear Business Cycle Model

We study the bifurcation structure of the parameter space of a 1D continuous piecewise linear bimodal map which describes dynamics of a business cycle model introduced by Day-Shafer. In particular, we obtain the analytical expression of the boundaries of several periodicity regions associated with a...

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Bibliographic Details
Main Authors: Viktor Avrutin, Iryna Sushko, Fabio Tramontana
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2014/401319
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Summary:We study the bifurcation structure of the parameter space of a 1D continuous piecewise linear bimodal map which describes dynamics of a business cycle model introduced by Day-Shafer. In particular, we obtain the analytical expression of the boundaries of several periodicity regions associated with attracting cycles of the map (principal cycles and related fin structure). By crossing these boundaries the map displays robust chaos.
ISSN:1085-3375
1687-0409