@article{oai:chuo-u.repo.nii.ac.jp:00006098,
 author = {TSUZUKI, Eiji and SHINAGAWA, Shunsuke and INOUE, Tomohiro},
 journal = {経済研究所 Discussion Paper, IERCU Discussion Paper},
 month = {Aug},
 note = {application/pdf, The main purpose of this study is to show the existence of a 2D torus in a macro dynamic model of a liquidity trap. The model developed here has two steady-state points: a targeted steady state and a liquidity trap. When a 2D torus exists around a targeted steady state, an economy will keep fluctuating on a torus and never reach the state, unless the variables jump. We develop an analysis using the continuous-time New Keynesian dynamic general equilibrium model proposed by Benhabib et al. (2003). Although their model takes the form of “money in the production function,” we reconstruct it into the more typical “money in the utility function.”},
 title = {Existence of a 2D Torus in a Continuous-Time Model of a Liquidity Trap},
 volume = {206},
 year = {2013}
}