@article{oai:chuo-u.repo.nii.ac.jp:00006097,
 author = {MATSUMOTO, Akio and SZIDAROVSKY, Ferenc},
 journal = {経済研究所 Discussion Paper, IERCU Discussion Paper},
 month = {Sep},
 note = {application/pdf, An IS-LM model is developed for the dynamics of income, interest rate and money stock with delay in tax revenue.  The main aim is to show that the  delay  matters  in macro dynamics.   Two different  delays,  fixed  time delays and continuously distributed time delays, are considered explicitly and described by delay-differential equations and integro-differential equa- tions, respectively.  Conditions for the local stability of the two models are derived  and compared.  The  destabilizing  effects  caused by the  delay  are numerically  examined.   Emergence  of  wide  spectrum  of dynamics  rang- ing from simple cyclic oscillations to complex dynamics involving chaos is described through Hopf bifurctions.},
 title = {Dynamics in Delay IS-LM Model with Tax Collections},
 volume = {208},
 year = {2013}
}