Lasselle, Laurence; Svizzero, Serge; Tisdell, Clem - Centre for Dynamic Macroeconomic Analysis, University … - 2007
show that both Flip bifurcation and Neimark-Sacker bifurcation can occur as primary bifurcation when the steady state is … beliefs and the adaption parameter.
We show that both Flip bifurcation and Neimark-Sacker bifurcation can occur as
primary … Flip
bifurcation, i.e. the equilibrium time paths exhibit attracting cycles of
period two …