Economic Intermittency in a Two-Country Model of Business Cycles Coupled by Investment under Capital Account Liberation

摘要：

　　Economic intermittency of the business cycle can help us to make fiscal policy decisions about economic phenomenon,and analyze economic reaction after the implementation of macroeconomic policies.The previous literature set two groups of symmetrical parameters,but the complex in the vicinity of the equilibrium point failed to be fully revealed.In this paper,we use the theory of ordinary differential equations to research and analyze,in particular,ordinary differential equations stability theory.Numerical calculations show that a country takes a different fiscal policy,the economic system will show different characteristics.

关键词： economic intermittency business cycles investment

作者: GUAN Huicui LU Wenjun YING Yirong

作者单位: School of Economics,Shanghai University,Shanghai,China,200444

会议类型: 国际会议

会议名称: the 5th (2013)International Conference on Financial Risk and Corporate Finance Management(第五届(2013)金融风险与公司金融国际研讨会)

会议地点: 大连

会议语种:英文

页码: 227-232

在线出版日期: 2013-06-29（万方平台首次上网日期，不代表论文的发表时间）