2025/04/22 by Ali Tolga Dincer, Dincer, Ali Tolga, Sevgi Harman +7
Mathematics · #Dynamical Systems (math.DS) #FOS: Mathematics #Stochastic processes and statistical mechanics
paper · pdf · doi:10.48550/arxiv.2504.15819
openalex publication_date 2025/04/22 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
Keen's model describes the dynamics between wage share, employment rate and debt ratio. In literature, the model was extended to represent the effects of inflation and also the speculative money flow. Based on the inflationary model, we take into account a time delay in the inflation term which stands for the period before the effects of inflation are seen. We observe that, the delayed system may experience a Hopf bifurcation and exhibit cyclic behavior around an equilibrium point, although the non-delayed model is stable under the same conditions.