Chaotic behaviour of continuous dynamical system generated by Euler equation branching and its application in macroeconomic equilibrium model

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19610%2F15%3A%230000507" target="_blank" >RIV/47813059:19610/15:#0000507 - isvavai.cz</a>

Result on the web

<a href="http://mb.math.cas.cz/mb140-4/6.html" target="_blank" >http://mb.math.cas.cz/mb140-4/6.html</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Chaotic behaviour of continuous dynamical system generated by Euler equation branching and its application in macroeconomic equilibrium model

Original language description

We focus on the special type of the continuous dynamical system which is generated by Euler equation branching. Euler equation branching is a type of differential inclusion $dot x in{f(x),g(x)}$, where $f,g X subsetmathbb{R}^n rightarrowmathbb{R}^n$ are continuous and $f(x)neq g(x)$ at every point $x in X$. It seems this chaotic behaviour is typical for such dynamical system. In the second part we show an application in a new formulated overall macroeconomic equilibrium model. This new model is based on the fundamental macroeconomic aggregate equilibrium model called the IS-LM model.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

BA - General mathematics

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Mathematica Bohemica

ISSN

0862-7959

e-ISSN

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Volume of the periodical

140

Issue of the periodical within the volume

4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

9

Pages from-to

437-445

UT code for WoS article

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EID of the result in the Scopus database

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