Guirao, Juan L.G.; García‐Rubio, Raquel; Vera, Juan A. - In: Economic Modelling 29 (2012) 6, pp. 2090-2094
The aim of the present paper is to analyze the dynamic of a generalized IS‐LM macroeconomic model for the inflation via the use of the averaging theory of dynamical systems. For this 3‐dimensional system we present a rigorous proof on the existence of a limit cycle in the case of considering...