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Resumen de Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks

Marat Akhmet, Mehmet Onur Fen

  • In this study, we theoretically prove the presence of homoclinic and heteroclinic motions in the dynamics of economic models perturbed with exogenous shocks. An illustrative example based on the Kaldor model of the aggregate economy is presented.


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