A three-dimensional nonlinear differential system for modeling inflation rate in a given economy is proposed and investigated in this article. Using a bifurcation-based method in the study, we describe the conditions leading to regions of stability for the long-term behavior of the model, which are economically desirable, along with regions of instability, which should be avoided in an economy.

Additional Information

Author(s)

 Moza, G.,  Tirtirau, L., Grecu, E.

DOI

https://doi.org/10.37193/CJM.2022.02.17