Neamtu, Mihaela; Opris, Dumitru; Chilarescu, Constantin - Volkswirtschaftliche Fakultät, … - 2005
The paper investigates the impact of delayed tax revenues on the fiscal policy out-comes. Choosing the delay as a bifurcation parameter we study the direction and the stability of the bifurcating periodic solutions. We show when the system is stable with respect to the delay. Some numerical...