The study of some discrete IS-LM models with tax revenues and time delay

  • Authors:
  • Mihaela Neamtu;Gabriela Mircea;Dumitru Opris

  • Affiliations:
  • West University of Timisoara, Department of Economic Informatics and Statistics, Timisoara, Romania;West University of Timisoara, Department of Economic Informatics and Statistics, Timisoara, Romania;West University of Timisoara, Department of Applied Mathematics, Timisoara, Romania

  • Venue:
  • WSEAS Transactions on Mathematics
  • Year:
  • 2009

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Abstract

In this paper, we study some discrete IS-LM models with tax revenues and time delay. Considering its parameters as variables, we analyze the existence of the Neimark-Sacker bifurcation. We find the normal form and its Lyapunov coefficient. For each considered model, using programs in Maple 11 we make some numerical simulations that verify the theoretical results.