Hick Samuelson Keynes Dynamic Economic Modelwith Discrete Time and Consumer Sentiment

摘要

The paper describes the Hick Samuelson Keynes dynamical economic model with discrete time and consumer sentiment. We seek to demonstrate that consumer sen-timent may create fluctuations in the economical activities. The model possesses a flip bifurcation and a Neimark-Sacker bifurcation, after which the stable state is replaced by a (quasi-) periodic motion.