Moreira, Helmar Nunes; Araujo, Ricardo Azevedo; … - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we reconsider the Foley model of Liquidity / Profit-Rate Cycles where such cycles are generated as bifurcations from initially attracting steady states if a parameter of the model crosses a critical value, for example the growth rate of money supply as in the Foley paper. We...