@article{oai:chuo-u.repo.nii.ac.jp:00008795, author = {GUERRINI, Luca and MATSUMOTO, Akio and SZIDAROVSZKY, Ferenc}, journal = {経済研究所 Discussion Paper, IERCU Discussion Paper}, month = {Sep}, note = {application/pdf, Delay has been considered as one of destabilizing factors in macroeconomic dynamics since the seminal work of Kalecki (1935). In this paper introducing two …fixed delays into the traditional neoclassical growth model, we fi…rst rigorously determine the conditions for which the stability is lost and then numerically confi…rm the analytical results. We add one interesting feature of the delay dynamics. Stability loss and gain repeatedly occur as a delay parameter increases. This implies that the delay is not only a destabilizer but also a stabilizer.}, title = {Neoclassical Growth Model with Two Fixed Delays}, volume = {285}, year = {2017} }