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Hopf bifurcation of a financial dynamical system with delay

2020/10/04 by Çalış, Y., Demirci, A., Özemir, C. · 1 citation
#Chaotic Dynamics (nlin.CD) #Dynamical Systems (math.DS) #FOS: Mathematics #FOS: Physical sciences

paper · doi:10.48550/arxiv.2010.01671

Abstract

The aim of this work is to investigate the qualitative behaviour of a financial dynamical system which contains a time delay. We investigate the dynamic response of this system of which variables are interest rate, investment demand, price index and average profit margin. We perform a stability analysis at the fixed points and show that the system undergoes a Hopf bifurcation. The bifurcation analyses are supported by numerical simulations.

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