Neimark-Sacker Bifurcation in a Discrete-Time Financial System
2010 ◽
Vol 2010
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pp. 1-12
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Keyword(s):
A discrete-time financial system is proposed by using forward Euler scheme. Based on explicit Neimark-Sacker bifurcation (also called Hopf bifurcation for map) criterion, normal form method and center manifold theory, the system's existence, stability and direction of Neimark-Sacker bifurcation are studied. Numerical simulations are employed to validate the main results of this work. Some comparison of bifurcation between the discrete-time financial system and its continuous-time system is given.
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2020 ◽
pp. 387-405
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2004 ◽
Vol 126
(1)
◽
pp. 205-210
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Keyword(s):
1995 ◽
Vol 26
(4)
◽
pp. 871-881
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