Sushko, Iryna; Gardini, Laura; Matsuyama, Kiminori - Facoltà di Economia, Università degli Studi di Urbino - 2014
We consider a credit cycle model introduced by Matsuyama, which is defined by a one-dimensional piecewise smooth map with upward, downward and flat branches. We offer a detailed analysis of this model for the case where asymp- totic dynamics does not involve the flat branch, under the additional...