Structural Stability Analysis in a Dynamic IS-LM-AS Macroeconomic Model with Inflation Expectations

<div>Projections at the <svg height="11.6412pt" id="M273" style="vertical-align:-0.04979992pt" version="1.1" viewbox="-0.0498162 -11.5914 14.7935 11.6412" width="14.7935pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M712 0L497 285C582 312 628 378 628 466C628 609 518 662 390 662H70V0H236V271H310L505 0H712ZM491 604C551 577 584 532 584 464C584 401 550 345 491 321V604ZM447 320C428 317 411 315 392 315H236V618H397C412 618 432 613 447 610V320ZM626 44H528L363 271C392 271 422 270 451 275L626 44ZM192 44H114V618H192V44Z"></path></g><g transform="matrix(.0091,0,0,-0.0091,9.711,-5.741)"><path d="M414 144C384 79 371 75 317 75H135L276 221C367 316 408 376 408 465C408 570 327 635 237 635C179 635 131 609 100 575L42 494L67 471C94 510 138 565 205 565C277 565 321 517 321 435C321 348 258 270 195 195C146 137 88 81 33 26V0H411C423 44 433 88 446 135L414 144Z"></path></g></svg> three-dimensional phase portrait.</div>

International Journal of Differential Equations

fig11

Figure 11

Figure 11: Structural Stability Analysis in a Dynamic IS-LM-AS Macroeconomic Model with Inflation Expectations 