This paper deals with a simple multiplier-accelerator model of the business cycle, including a cubic nonlinearity. The corresponding two dimensional iterative map is represented in terms of its bifurcation diagram in parameter space. A number of bifurcation sequences for attractors and their basins are studied.
SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
SOCIAL SCIENCES -- Economics and Business (hsv//eng)