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.