Consumer sentiment and business cycles: a Neimark-Sacker bifurcation scenario

DC FieldValueLanguage
dc.contributor.authorWesterhoff, Frank H.
dc.date.accessioned2021-12-23T15:58:59Z-
dc.date.available2021-12-23T15:58:59Z-
dc.date.issued2008
dc.identifier.issn13504851
dc.identifier.urihttps://osnascholar.ub.uni-osnabrueck.de/handle/unios/3677-
dc.description.abstractWe seek to demonstrate that consumer sentiment may create fluctuations in economic activity. Our nonlinear discrete-time model possesses, for instance, a Neimark-Sacker bifurcation, after which a stable steady state is replaced by (quasi-)periodic motion. Countercyclical interventions to stabilize the economy may even produce complex (chaotic) business cycles.
dc.language.isoen
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
dc.relation.ispartofAPPLIED ECONOMICS LETTERS
dc.subjectBusiness & Economics
dc.subjectEconomics
dc.titleConsumer sentiment and business cycles: a Neimark-Sacker bifurcation scenario
dc.typejournal article
dc.identifier.doi10.1080/13504850600993705
dc.identifier.isiISI:000261094500010
dc.description.volume15
dc.description.issue15
dc.description.startpage1201
dc.description.endpage1205
dc.contributor.orcid0000-0003-1666-4103
dc.contributor.researcheridF-2933-2015
dc.publisher.place4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXFORDSHIRE, ENGLAND
dcterms.isPartOf.abbreviationAppl. Econ. Lett.
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