Inspecting the stability of non-linear IS-LM model with dual time delay

Inspecting the stability of non-linear IS-LM model with dual time delay

A Rajpal, SK Bhatia, KR Hiremath – Chaos, Solitons & Fractals, 2022

Capital stock is a strong pillar in the macroeconomics paradigm and plays a significant role when dealing with macroeconomic problems. Also, implementation of the investment decisions and employment of capital into productive use are two ignored time delays in accumulation of capital. Hence, a mathematical model with dual time delays in capital accumulation is formulated in this work. Furthermore, by adhering to functions that do not follow regularity, ie, considering non-linear …

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