
Our aim of this paper is to determine whether inflation targeting could improve economic growth and financial stability in 35 emerging economies of which 19 inflation-targeting and 16 non-inflation-targeting countries over the 1995–2017 period. To this end, we first determine the preconditions needed to adopt the inflation targeting regime using the Qualitative Comparative Analysis method (QCA). We then construct a Financial Stability Index (FSI) for emerging markets using a Principal Components Analysis (PCA). Finally, we determine the impact of shocks on economic growth and financial stability in inflation-targeting and non-inflation-targeting countries through a Panel VAR model estimated using the GMM method. The results show that some structural and institutional preconditions, should be set up during the pre-adoption period. In addition, the results indicate that the inflation-targeting regime allows emerging countries to control their economic growth and financial stability in the event of shocks to a greater extent than non-targeting countries, although the magnitude of the shock persists only in the short run, given that economic and financial conditions return to their normal state in the long run.
Citation: Ikram Ben Romdhane, Mohamed Amin Chakroun, Sami Mensi. Inflation Targeting, Economic Growth and Financial Stability: Evidence from Emerging Countries[J]. Quantitative Finance and Economics, 2023, 7(4): 697-723. doi: 10.3934/QFE.2023033
[1] | Rundong Zhao, Qiming Liu, Huazong Zhang . Dynamical behaviors of a vector-borne diseases model with two time delays on bipartite networks. Mathematical Biosciences and Engineering, 2021, 18(4): 3073-3091. doi: 10.3934/mbe.2021154 |
[2] | Yan-Xia Dang, Zhi-Peng Qiu, Xue-Zhi Li, Maia Martcheva . Global dynamics of a vector-host epidemic model with age of infection. Mathematical Biosciences and Engineering, 2017, 14(5&6): 1159-1186. doi: 10.3934/mbe.2017060 |
[3] | Xia Wang, Yuming Chen . An age-structured vector-borne disease model with horizontal transmission in the host. Mathematical Biosciences and Engineering, 2018, 15(5): 1099-1116. doi: 10.3934/mbe.2018049 |
[4] | Hongyong Zhao, Yangyang Shi, Xuebing Zhang . Dynamic analysis of a malaria reaction-diffusion model with periodic delays and vector bias. Mathematical Biosciences and Engineering, 2022, 19(3): 2538-2574. doi: 10.3934/mbe.2022117 |
[5] | Fahad Al Basir, Yasuhiro Takeuchi, Santanu Ray . Dynamics of a delayed plant disease model with Beddington-DeAngelis disease transmission. Mathematical Biosciences and Engineering, 2021, 18(1): 583-599. doi: 10.3934/mbe.2021032 |
[6] | Rocio Caja Rivera, Shakir Bilal, Edwin Michael . The relation between host competence and vector-feeding preference in a multi-host model: Chagas and Cutaneous Leishmaniasis. Mathematical Biosciences and Engineering, 2020, 17(5): 5561-5583. doi: 10.3934/mbe.2020299 |
[7] | Xinli Hu, Yansheng Liu, Jianhong Wu . Culling structured hosts to eradicate vector-borne diseases. Mathematical Biosciences and Engineering, 2009, 6(2): 301-319. doi: 10.3934/mbe.2009.6.301 |
[8] | Ling Xue, Caterina Scoglio . Network-level reproduction number and extinction threshold for vector-borne diseases. Mathematical Biosciences and Engineering, 2015, 12(3): 565-584. doi: 10.3934/mbe.2015.12.565 |
[9] | Hai-Feng Huo, Fan Wu, Hong Xiang . On threshold dynamics for periodic and time-delayed impulsive systems and application to a periodic disease model. Mathematical Biosciences and Engineering, 2022, 19(1): 836-854. doi: 10.3934/mbe.2022038 |
[10] | Lin Zhao, Zhi-Cheng Wang, Liang Zhang . Threshold dynamics of a time periodic and two–group epidemic model with distributed delay. Mathematical Biosciences and Engineering, 2017, 14(5&6): 1535-1563. doi: 10.3934/mbe.2017080 |
Our aim of this paper is to determine whether inflation targeting could improve economic growth and financial stability in 35 emerging economies of which 19 inflation-targeting and 16 non-inflation-targeting countries over the 1995–2017 period. To this end, we first determine the preconditions needed to adopt the inflation targeting regime using the Qualitative Comparative Analysis method (QCA). We then construct a Financial Stability Index (FSI) for emerging markets using a Principal Components Analysis (PCA). Finally, we determine the impact of shocks on economic growth and financial stability in inflation-targeting and non-inflation-targeting countries through a Panel VAR model estimated using the GMM method. The results show that some structural and institutional preconditions, should be set up during the pre-adoption period. In addition, the results indicate that the inflation-targeting regime allows emerging countries to control their economic growth and financial stability in the event of shocks to a greater extent than non-targeting countries, although the magnitude of the shock persists only in the short run, given that economic and financial conditions return to their normal state in the long run.
Vector-borne disease involves a vector (an organism) that transmits infectious pathogens from the infected host to the uninfected host. For example, the malaria parasites are transmitted through the bite of infected female mosquitoes, spreading the disease from mosquitoes to humans and back to mosquitoes [2]. West Nile virus (WNv) is another vector-borne disease caused by Flavivirus and transmitted primarily by mosquitoes (Culex species) to vertebrate hosts, such as humans, birds and horses [3]. Those vector-borne diseases have caused a significant threat to public health as well as wildlife worldwide.
Mathematical models give insights to predict the spread of vector-borne diseases, and to test control strategies. Impulsive (delayed) differential systems are widely used in population biology and epidemiology to study the various factors: birth pulses [4,5], effectiveness of vaccination [6,7,8,9,10], and elimination of vector insects [11,12], see also [13,14] for stochastic effects. To investigate the control strategies against vector-borne diseases, Gourley et al. [11] used two time-delayed models with impulses to evaluate the effectiveness of age-structured culling strategies. Yang et al. [10] studied the effect of impulsive controls in multiple patch models with age-structure. Xu and Xiao [9] considered the impacts of periodic impulsive culling of mosquitoes for control of WNv transmission. Based on [9], the incubation period of mosquitoes was furthered incorporated in [15].
To describe the disease transmission between vector and host as well as the strategy of periodically culling the vector, we use a set of impulsive delayed differential equations to incorporate the extrinsic incubation period (EIP) of vector and host. By the theory recently developed in [1], the basic reproduction ratio R0 of the model is first established. The global dynamics of the model are further investigated in terms of R0. The uniform persistence theory based on dynamical systems is used extensively in population biology and epidemiology models, see for instance [16,17,18,19] and references therein. However, it seems like this dynamical system approach is rarely adapted to time-delayed impulsive systems to study the threshold dynamics. There are two possible issues: first, it is not an easy task to find an appropriate phase space for time-delayed impulsive systems so that the evolution operators are well-defined, which was recently solved by [1] for a large class of time-delayed impulsive systems; second, the solutions of the time-delayed impulsive systems may not be continuous in t, and hence, such systems might not generate continuous periodic semiflows (see [20]), which brings trouble for direct application of the uniform persistence theory in [21] to investigate the sharp permanence of infectious compartments when R0>1. Meanwhile, the analytic method developed in [1,6,7] for the uniform persistence of a time-delayed impulsive system is quite useful for a form like Susceptible-Exposed-Infected-Removed (SEIR), but it would not be easy to apply to the vector-borne model (including multiple infected compartments). We refer to [9,15] for attempts in this direction. Combing the ideas in [1] and [21], we establish the sharp persistence of infectious compartments, by using the uniform persistence theory of discrete-time semiflows on some appropriate phase space. It is worth pointing out that our current approach would be easily applied to the models where the period of model coefficients is the same as that of fixed impulsive moments.
The rest of this paper is organized as follows: In Section 2, we formulate a time-delayed impulsive differential model including several factors: EIP and the strategy of periodically culling the vector, EIP and vertical transmission of host. In Section 3, we first introduce the basic reproduction number R0 for the model and then study the threshold dynamics in terms of R0. In Section 4, we use numerical simulations to test the differences with and without culling, and further explore the impacts of parameters such as time delays and vertical transmission rate on R0. A brief discussion then concludes the paper.
Inspired by the WNv infection process in [9,15,18], we consider an impulsive delay differential equation model to describe the periodic culling of the vector with two differnt EIPs. Let Sv(t), Iv(t), Sh(t), Eh(t) and Ih(t) be the the total numbers of the susceptible adult vector, infected adult vector, susceptible host, exposed host and infected host at time t, respectively. The total number of the adult vector is given by Nh(t)=Sh(t)+Eh(t)+Ih(t). Let Λv and Λh be the recruitment rate of the vector and (susceptible) host, respectively, μv and μh be the natural death rate of vector and host, and dh be the disease-induced death rate of the host. Similar to [7], we suppose that the birth rate of the vector equals its natural death rate. Vertical transmission of the virus in the host population is incorporated by a fraction rvt∈(0,1). For the virus transmission, we assume that the susceptible host becomes infectious given contact with the infected vector, and the susceptible vector can receive the infection by biting a virus-carrying host. By similar arguments to those in [2,17,19], we simply assume that the numbers of newly occurred infectious host and newly occurred infected vector per unit time at time t are given by
bβIh(t)Nh(t)Sv(t) and cβSh(t)Nh(t)Iv(t), |
respectively, where β is the average biting rate of the vector, b and c are the transmission probabilities of the virus from vector to host and from host to vector, respectively. However, the newly infected vector and infected host need to survive the EIP to become infectious. We denote the finite constants τ1 and τ2 to represent the length of the EIP in the vector and host, respectively. The probability that the vector and host survive the EIP is e−μvτ1 and e−μhτ2, then of those vectors and hosts infected τ1 and τ2 unit times ago, only the proportions
bβIh(t−τ1)Nh(t−τ1)Sv(t−τ1)e−μvτ1 and cβSh(t−τ2)Nh(t−τ2)Iv(t−τ2)e−μhτ2 |
are infectious at time t. Throughout this paper, we suppose that culling occurs at certain particular times, and denote T to be the period of culling. We also assume that spraying reduces both the susceptible and infected vector, p∈[0,+∞) is the culling intensity of those killed, where p=0 means that there is no culling.
The transmission of cross-infection between vector and host is shown in Figure 1. Consequently, our model takes the form:
{dSv(t)dt=Λv−bβIh(t)Nh(t)Sv(t)−μvSv(t),dIv(t)dt=bβIh(t−τ1)Nh(t−τ1)Sv(t−τ1)e−μvτ1−μvIv(t),dSh(t)dt=Λh−cβSh(t)Nh(t)Ih(t)−μhSh(t)+(1−rvt)μhIh(t),dEh(t)dt=cβSh(t)Nh(t)Ih(t)−cβSh(t−τ2)Nh(t−τ2)Iv(t−τ2)e−μhτ2−μhEh(t),dIh(t)dt=cβSh(t−τ2)Nh(t−τ2)Iv(t−τ2)e−μhτ2−(μh+dh−rvtμh)Ih(t),}a.e.t≠nT,n∈N,Sv(t+)=11+pSv(t),Iv(t+)=11+pIv(t),Sh(t+)=Sh(t),Eh(t+)=Eh(t),Ih(t+)=Ih(t),}t=nT,n∈N. | (2.1) |
All the parameters in model (2.1) are positive. In view of the biological meaning of τ2, we impose the following compatibility condition:
ϕ4(0)=∫0−τ2cβϕ2(s)ϕ3(s)∑5i=3ϕi(s)eμhsds. | (2.2) |
To investigate the long time behavior of system (2.1) from the point view of dynamical systems, we first introduce a few notations related to the phase space (see also [1,22]). Given two constants a<b, let
PC([a,b],Rm):={ϕ:[a,b]→Rm|ϕ(t−)=ϕ(t),∀t∈(a,b],ϕ(t+) exists for t∈[a,b) and ϕ(t+)=ϕ(t) for all but at most a finite number of points t∈[a,b)},PC([a,b),Rm):={ϕ:[a,b)→Rm|ϕ(t−)=ϕ(t),∀t∈(a,b),ϕ(t+) exists for t∈[a,b) and ϕ(t+)=ϕ(t) for all but at most a finite number of points t∈[a,b)}, |
where ϕ(t+)=lims→t+ϕ(s) and ϕ(t−)=lims→t−ϕ(s). Then for any r>0, PC([−r,0],Rm) is a Banach space with the norm ‖⋅‖r given by ‖ϕ‖r=sup−r≤θ≤0|ϕ(θ)|. Set ˆτ=max{τ1,τ2}>0, ˜J=[−ˆτ,0)∩{tn=nT:n∈Z}(possibly empty) and J=[−ˆτ,0)∖˜J. Denote
PCJ:={ϕ:[−ˆτ,0]→R|ϕ(t−)=ϕ(t),∀t∈(−ˆτ,0],ϕ(t+) exists for t∈[−ˆτ,0) and ϕ(t+)=ϕ(t) for t∈J}, |
and PC+J:={ϕ∈PCJ:ϕ(t)≥0,∀t∈[−ˆτ,0]}. It then follows that PCJ is a Banach space endowed with the norm ‖⋅‖ˆτ, and PC+J is a closed cone of PCJ, which induces a partial ordering on PCJ. Clearly, PCJ⊂PC([−ˆτ,0],R). For any u=(u1,u2,...,u5)∈PC([−ˆτ,η),R5) with η>0, define ut∈PC([−ˆτ,0],R5) by
ut(θ)=(u1(t+θ),u2(t+θ),...,u5(t+θ)),∀θ∈[−ˆτ,0],t∈[0,η). |
Define
X:={ϕ=(ϕ1,ϕ2,...,ϕ5)∈PC+J×PC+J×PC+J×PC+J×PC+J:5∑i=3ϕi(θ)>0,θ∈[−ˆτ,0]}, |
and
Dϵ:={ϕ∈X:5∑i=3ϕi(θ)>ϵ,∀θ∈[−ˆτ,0],ϕ4(0)=∫0−τ2cβϕ2(s)ϕ3(s)∑5i=3ϕi(s)eμhsds} | (2.3) |
for any ϵ∈(0,Λhμh+dh). Now we are ready to state the well-posed result on the solutions of system (2.1).
Theorem 2.1. For any ϕ∈Dϵ, system (2.1) exists a unique non-negative solution u(t,ϕ) on [0,+∞) with the initial value u0=ϕ, unT∈Dϵ for any n∈N. Moreover, ut+T(ϕ)=ut(uT(ϕ)) for all t≥0 and Φ:=uT admits a global attractor in Dϵ.
Proof. For convenience, we denote
(u1(t),u2(t),u3(t),u4(t),u5(t))=(Sv(t),Iv(t),Sh(t),Eh(t),Ih(t)). |
For any t≥0,t≠nT,n∈N,ϕ∈Dϵ, define
f(t,ϕ):=(f1(ϕ),f2(ϕ),f3(ϕ),f4(ϕ),f5(ϕ)), |
where
f1(ϕ)=Λv−bβϕ5(0)∑5i=3ϕi(0)ϕ1(0)−μvϕ1(0),f2(ϕ)=bβϕ5(−τ1)∑5i=3ϕi(−τ1)ϕ1(−τ1)e−μvτ1−μvϕ2(0),f3(ϕ)=Λh−cβϕ3(0)∑5i=3ϕi(0)ϕ3(0)−μhϕ5(0)+(1−rvt)μhϕ5(0),f4(ϕ)=cβϕ3(0)∑5i=3ϕi(0)ϕ5(0)−cβϕ3(−τ2)∑5i=3ϕi(−τ2)ϕ5(−τ2)e−μhτ2−μhϕ4(0),f5(ϕ)=cβϕ3(−τ2)∑5i=3ϕi(−τ2)ϕ5(−τ2)e−μhτ2−(μh+dh−rvtμh)ϕ5(0). |
It is easy to check that f(t,ϕ) satisfies Lipschitz condition for ϕ on any compact subset of R+×X. It follows from [22, Theorems 3.1 and 3.3] that system (2.1) admits a unique solution u(t,ϕ) satisfying ∑5i=3ui(t,ϕ)>ϵ on the maximal existence interval [0,tϕ) with u0=ϕ∈Dϵ and tϕ∈(0,∞).
Next we prove the solution of system (2.1) is non-negative on [0,tϕ). Given ϕ∈Dϵ and t∈[0,T), we see that fi(t,ϕ):=fi(ϕ)≥0 provided i∈{1,2,3,5} and ϕi(0)=0. It follows from [23, Theorem 5.2.1] and its proof that for ui(t,ϕ)≥0,i∈{1,2,3,5}, ∀t∈[0,T)∩[0,tϕ). If T<tϕ, then by the formulas of system (2.1) at the impulsive points, we have ui(t,ϕ)≥0,i∈{1,2,3,5},t∈[0,T]. It then follows from the method of steps that ui(t,ϕ)≥0,i∈{1,2,3,5},t∈[0,tϕ). Meanwhile, by the uniqueness of solutions of system (2.1) and the compatibility condition (2.2), we obtain that
u4(t)=∫tt−τ2cβu2(s)u3(s)∑5i=3ui(s)e−μh(t−s)ds. | (2.4) |
Therefore, u4(t,ϕ)≥0 for t∈[0,tϕ).
Notice that the total host population (Nh(t):=∑5i=3ui(t)) satisfies
dNh(t)dt=Λh−μhNh(t)−(dh−μh)Ih(t)≥Λh−(μh+dh)Nh(t), | (2.5) |
which implies Nh(t) is an upper solution of
x′(t)=Λh−(μh+dh)x(t). | (2.6) |
Denote x(t;Nh(0)) as the unique solution of (2.6) with x(0)=Nh(0), then Nh(t)≥x(t;Nh(0)) for any t∈[0,tϕ). This further yields that Nh(t)≥x(t;Nh(0))≥ϵ for any t∈[0,tϕ) provided Nh(0)≥ϵ with ϵ∈(0,Λhμh+dh). Furthermore,
dNh(t)dt≤Λh−min{μh,dh}Nh(t), | (2.7) |
which implies that if ϵ≤∑5i=3ϕi(0)≤Λhmin{μh,dh}, then ϵ≤∑5i=3ui(t)≤Λhmin{μh,dh} for any t∈[0,tϕ).
Since ϵ≤Nh(t) and u5(t)≤Nh(t) for any t∈[0,tϕ), by comparison, we have
u′1(t)≤Λv−μvu1,t>0,u′2(t)≤bβu1(t−τ1)e−μvτ1−μvu2,t>0, |
which yields that,
lim supt→∞u1(t)≤Λvμv,lim supt→∞u2(t)≤bβΛve−μvτ1μ2v and lim supt→∞Nh(t)≤Λhmin{μh,dh}. |
Therefore, the solutions of system (2.1) with initial data in Dϵ exist globally on [0,∞) and are ultimately bounded. By similar argument to that in [1, Lemma 4] (see also [24, Page 192]), we infer that for each n>ˆτT, unT is compact. It then follows from [21, Theorem 1.1.3] that UT:Dϵ→Dϵ admits a global attractor. Moreover, since if ut(ϕ) is a solution of (2.1), then ut+T(ϕ) is also a solution (2.1). By the uniqueness of the solution, we then have ut+T(ϕ)=ut(uT(ϕ)).
In this section, we first introduce the basic reproduction number R0 for system (2.1) and then investigate its threshold dynamics in terms of R0.
The basic reproduction number R0 is defined as the expected number of secondary infections produced by a typical infectious individual in a completely susceptible population. We will use the theory developed in [1] to give the definition of R0. In order to obtain the disease-free periodic solution of system (2.1), we recall a lemma (see [6, Lemma 1] for detail).
Lemma 3.1. Consider the following impulsive differential equation:
{dudt=a−bu(t),t≠nT,n∈N,u(t+)=(1−θ)u(t),t=nT,n∈N, | (3.1) |
where a,b>0, θ∈(0,1). Then system (3.1) admits a unique positive periodic solution ˆue(t):=ab+(u∗−ab)e−b(t−nT), nT<t<(n+1)T, which is globally asymptotically stable. Here u∗=a(1−θ)(1−e−bT)b(1−(1−θ)e−bT).
Letting Iv=Ih=0 in system (2.1), we then get the following disease-free system:
{dSv(t)dt=Λv−μvSv(t),dSh(t)dt=Λh−μhSh(t),}a.e.t≠nT,n∈N,Sv(t+)=11+pSv(t),Sh(t+)=Sh(t),}t=nT,n∈N. | (3.2) |
By Lemma 3.1, system (3.2) exists a unique positive T-periodic solution ˆu(t):=(ˆSv(t),ˆSh), with ˆSh=Λhμh and
ˆSv(t)=(1−pe−μv(t−nT)1+p−e−μvT)Λvμv,nT<t≤(n+1)T,n∈N, | (3.3) |
which is globally asymptotically stable.
Let E=PC([−ˆτ,0],R2), E+={ϕ∈E:ϕ(t)≥0,t∈[−ˆτ,0]}, and
XT={v:R→R2|v is continuous in (tn,tn+1),tn=nT,n∈Z,v(t−n),v(t+n) exist v(t−n)=v(tn),v(t+T)=v(t) for t∈R, and v(t+n+1)=v(t+n)}, |
with the norm ‖v‖XT=supt∈[0,T]|v(t)|. It then follows that XT is a Banach space. Linearizing system (2.1) at its disease-free periodic solution E0(t)=(ˆSv(t),0,ˆSh(t),0,0), we obtain the following linear system for the infectious compartments:
{dIv(t)dt=−μvIv(t)+bβe−μvτ1μhΛhˆSv(t−τ1)Ih(t−τ1),dIh(t)dt=−(μh+dh−rvtμh)Ih(t)+cβe−μhτ2Iv(t−τ2),}t≠nT,n∈N,Iv(t+)=11+pIv(t),Ih(t+)=Ih(t),}t=nT,n∈N. | (3.4) |
Define F(t):E→R2, where
F(t)(ϕ1ϕ2):=(bβe−μvτ1μhΛhˆSv(t−τ1)ϕ2(−τ1)cβe−μhτ2ϕ1(−τ2)+rvtμhϕ2(0)),∀t∈R,ϕ=(ϕ1,ϕ2)∈E. |
Set Y(t,s),t≥s as the Cauchy matrix [24, Section 1.2] of
{du1(t)dt=−μvu1(t),du2(t)dt=−(μh+dh)u2(t),}t≠nT,n∈N,u1(t+)=11+pu1(t),u2(t+)=u2(t),}t=nT,n∈N, | (3.5) |
that is,
Y(t,s)=e−V(t−s)∏k:tk∈[s,t)diag (11+p,1), |
where each tk denotes the impulsive point on [s,t) and V=(μv00μh+dh). It is easy to check that F(t) and Y(t,s) satisfy the following properties: (a) for each t∈R, F(t) is a positive operator; (b) the matrix −V is cooperative and r(Y(T,0))<1, where r(Y(T,0) is the spectral radius of Y(T,0).
Consequently, the linear impulse periodic differential system (3.5) could be rewritten as:
{du(t)dt=F(t)ut−Vu(t), a.e. t>0,t≠tn,u(t+)=Pu(t),t=tn,n∈N, | (3.6) |
where P= diag (11+p,1).
After the above settings, we can apply the theory and method in [1] to define basic the reproduction number for system (2.1). Let v(t) be the initial distribution of infected individuals with period T. For t≥s, then F(t−s)vt−s is the distribution of newly infected individuals at time t−s. It is produced by infected individuals introduced during the time interval [t−s−ˆτ,t−s], which means it is the distribution of newly infected at time t−s and still infected at time t. Define the linear operator L on XT:
[Lv](t):=∫∞0Y(t,t−s)F(t−s)v(t−s+⋅)ds,t∈R,∀v∈XT. |
We define the basic reproduction number as
R0:=r(L), |
where r(L) is the spectral radius of the linear operator L. Denote
EJ=PCJ×PCJ,E+J=PC+J×PC+J. |
For any ϕ∈EJ, let w(t,ϕ)=(w1(t,ϕ),w2(t,ϕ)) be the unique solution of (3.4) with the initial value w0=ϕ, and
wt(ϕ)(θ)=(w1t(ϕ)(θ),w2t(ϕ)(θ))=(w1(t+θ,ϕ),w2(t+θ,ϕ)),∀θ∈[−ˆτ,0]. |
Let Q(t):EJ→E=PC([−ˆτ,0],R2) be the solution map of (3.4), then
Q(t)ϕ=(w1t(ϕ),w2t(ϕ)),∀t≥0,ϕ∈EJ. |
In view of the definition of PCJ, we infer that Q:=Q(T) is the operator from EJ to EJ (in other words, they have the same number of discontinuous points), and set r(Q) to be the spectral radius of Q on EJ. By [1, Theorem 1], we have the following observation:
Lemma 3.2. R0−1 has the same sign as r(Q)−1.
Let
Z:=PCτ2×PCτ1,Z+:=PC+τ2×PC+τ1, |
where PCτi is understood as PCJ with ˆτ replaced by τi, and then (Z,Z+) is an ordered Banach space. For any ψ∈Z+, system (3.4) admits a unique non-negative solution z(t,ψ) with the intial value z0=ψ. For all t≥0, we have zt(ψ)=(z1t(ψ),Z2t(ψ)), for all θi∈[−τi,0], and then Zit(ψ)(θi)=zi(t+θi,ψ), i=1,2. For any given t≥0, let ˆQ(t) be the solution map of system (3.4) on Z, that is,
ˆQ(t)ψ=zt(ψ),∀ψ∈Z. |
We remark that z1t∈PC([−τ2,0],R) and z2t∈PCτ1 for all t≥0 as z2(t,ψ) is continuous for all t≥0 even if ψ is piecewise continuous. Therefore, ˆQ(T) is a map from Z to Z. Next, we will illustrate that ˆQ(t) is eventually strongly positive on Z+.
Lemma 3.3. ˆQ(t)φ≫0 for any t>3ˆτ provided φ=(φ1,φ2)∈Z+∖{0}.
Proof. For convenience, denote
(z1(t),z2(t)):=(z1(t,φ),z2(t,φ)). |
By the similar argument to that in Theorem 2.1, we obtain that zi(t)≥0 for any t≥0, i=1,2.
In the case that φ1>0. We argue that there exists ˆt∈[0,ˆτ] such that z2(ˆt)>0. Assume, by contradiction, that z2(t)=0 for all t∈[0,ˆτ], that is, z′2(t)=0 for all t∈[0,ˆτ]. Then we deduce from the second equation of system (3.4) that:
z1(t−τ2)=0,∀t∈[0,ˆτ]. |
This yields φ1(t)≡0 for any t∈[−τ2,0], which is a contradiction. Moreover, from the second equation of system (3.4) and z1(t)≥0 for all t≥−τ2, we obtain
z2(t)≥z2(ˆt)e−(μh+dh−rvtμh)(t−ˆt)>0 for all t≥ˆt. |
Then by the integral form of the first equation of system (3.4), we have
z1(t)=T(t,0)z1(0)+bβe−μvτ1μhΛh∫t0T(t,s)ˆSv(s−τ1)z2(s−τ1)ds, |
where
T(t,s)=e−μv(t−s)∏k:kT∈[s,t)11+p. |
Since ˆt∈[0,ˆτ], it follows that z1(t)>0 for all t>2ˆτ. The result as follows.
In the case that φ2>0. We have
z1(t)≥bβe−μvτ1μhΛh∫t0T(t,s)ˆSv(s−τ1)z2(s−τ1)ds>0 |
provided t>ˆτ. Then by the integral form of the second equation of system (3.4), we have
z2(t)=e−(μh+db−rvtμh)tz2(0)+cβe−μhτ2∫t0e−(μh+dh−rvtμh)(t−s)z1(s−τ2)ds,≥cβe−μhτ2∫t0e−(μh+db−rvtμh)(t−s)z1(s−τ2)ds>0, |
whenever t≥2ˆτ. Therefore, ˆQ(t)φ≫0 for t>3ˆτ.
Denote r(ˆQ) as the spectral radius of ˆQ:=ˆQ(T). One might perform the same argument as in [16, Lemma 3.8] to obtain r(Q)=r(ˆQ). Moreover, we have the following observation:
Lemma 3.4. Let μ=lnr(Q)T. Then there exists a positive T-periodic function ˜v(t)=(˜v1(t),˜v2(t)) such that eμtˆv(t) is a solution of system (3.4) with the feasible domain either Z+ or E+J for any t≥0.
Proof. Resembling the arguments in [1, Lemma 4], we infer that for each t>ˆτ, Q(t) and ˆQ(t) are compact on EJ and Z, respectively.
In the case that the feasible domain is Z+, fix an integer n0>0 such that n0T>3ˆτ. It follows that ˆQn0=ˆQ(n0T) is compact and strongly positively on Z. By [25, Lemma 3.1], we obtain that there is a strongly positive eigenvector φ∗=(φ∗1,φ∗2) such that ˆQ(φ∗)=r(ˆQ)φ∗. Let v(t,φ∗) be the solution of system (3.4) with the initial value
(v1(θ1),v2(θ2))=(φ∗1(θ1),φ∗2(θ2)),(θ1,θ2)×[−τ2,0]×[−τ1,0]. |
Since φ∗≫0, it is easy to see that vt(φ∗)≫0 for any t≥0. Let ˆv(t)=e−μtv(t,φ∗). Then ˆv(t)≫0 satisfies
{dˆv1(t)dt=−μvˆv1(t)+bβe−μvτ1μhΛhˆSv(t−τ1)ˆv2(t−τ1)−μˆv1,dˆv2(t)dt=cβe−μhτ2ˆv1(t−τ2)−(μh+dh−rvtμh)ˆv2(t)−μˆv2,}t≠nT,n∈N,ˆv1(t+)=11+pˆv1(t),ˆv2(t+)=ˆv2(t),}t=nT,n∈N. | (3.7) |
For θ2∈[−τ1,0] and θ1∈[−τ2,0], we have
ˆvi(θi)=e−μθivi(θi,φ∗)=e−μθiφ∗i(θi),ˆvi(T+θi)=e−μ(T+θi)vi(T+θi,φ∗)=e−μ(T+θi)[ˆQ(φ∗)]i=e−μ(T+θi)r(ˆQ)φ∗i(θi)=e−μθiφ∗i(θi), |
This implies ˆvi(θi)=ˆvi(T+θi), i=1,2. Therefore, ˆv(t) is a T-periodic solution satisfying ˜vi(θi)=e−μθiφ∗i(θi), i=1,2.
In the case that the feasible domain is E+J, since eμtˆv(t) given in the above is a function for t∈R. We denote ˆϕ=(^ϕ1,^ϕ2) as:
ˆϕi(θ)=eμθˆvi(θ),∀θ∈[−ˆτ,0],i=1,2,ˆϕi(θ+)=eμθˆvi(θ+),whenever θ∈J. |
By the uniqueness of solutions, we have that w(t,ˆφ):=eμtˆv(t) satisfies (3.4) for all t≥0 with the initial value w0=ˆϕ∈E+J.
We are now in a position to prove a threshold-type result of system (2.1) in terms of R0.
Theorem 3.5. If R0<1 and μh≥dh, then the disease-free periodic solution E0(t)=(ˆSv(t),0, ˆSh(t),0,0) is globally attractive for system (2.1) with respect to Dϵ.
Proof. By the first and sixth equations of system (2.1), we have
{dSv(t)dt≤Λv−μvSv(t),t≠nT,n∈N,Sv(t+)=11+pSv(t),t=nT,n∈N. |
Consider the following auxiliary system
{dx(t)dt=Λv−μvx(t),t≠nT,n∈N,x(t+)=11+px(t),t=nT,n∈N. |
According to Lemma 3.1 and the comparison theorem on impulsive differential equations, we have Sv(t,a)≤x(t,a) with the same initial condition Sv(0)=x(0)=a>0, ∀t≥0 and |x(t)−ˆSv(t)|→0 as t→∞ with ˆSv(t) given in (3.3). Then for any δ∈(0,Λhμh), there exists ˆt1>0 such that
Sv(t)≤x(t)≤ˆSv(t)+δ,∀t≥ˆt1. | (3.8) |
When μh≥dh, in view of system (2.1), we have
dNh(t)dt=Λh−μhNh(t)+(μh−dh)Ih(t)≥Λh−μhNh(t). |
It then follows that for the above δ, there exists ˆt2>ˆt1 such that
Nh(t)≥Λhμh−δ,∀t>ˆt2. |
Thus, we have
{dIv(t)dt≤bβe−μvτ1μhΛh−μhδ(ˆSv(t−τ1)+δ)Ih(t−τ1)−μvIv(t),dIh(t)dt≤−(μh+dh−rvtμh)Ih(t)+cβIv(t−τ2),} a.e. t≥ˆt2+ˆτ,t≠nT,Iv(t+)=11+pIv(t),Ih(t+)=Ih(t),}t≥ˆt2+ˆτ,t=nT. |
We consider the following impulsive differential equations with parameter δ:
{dy1(t)dt=bβe−μvτ1μhΛh−μhδ(ˆSv(t−τ1)+δ)y2(t−τ1)−μvy1(t),dy2(t)dt=−(μh+dh−rvtμh)y2(t)+cβy1(t−τ2),}t≠nT,n∈N,y1(t+)=11+py1(t),y2(t+)=y2(t),}t=nT,n∈N. | (3.9) |
From Lemma 3.2, we know that R0<1 if and only if r(Q)<1. Let Qδ be the Poincaré map of system (3.9). Observe that limδ→0+r(Qδ)=r(Q)<1 (as r(Qδ) is non-decreasing and upper semi-continuous in δ≥0 but close to 0 (see [26,27] for example), we can fix a small positive number δ such that r(Qδ)<1. By Lemma 3.4, there is a positive T-periodic function ˆvδ(t)=(ˆvδ1(t),ˆvδ2(t)) such that eμδtˆvδ(t) is a positive solution of system (3.9), where μδ=lnr(Qδ)T<0. Choose a positive constant Kδ such that:
(Iv(t),Ih(t))≤Kδeμδtˆvδ(t),∀t∈[ˆt2,ˆt2+ˆτ]. |
Applying the comparison principle for cooperative impulsive delay differential systems [28, Lemma 2.2], we obtain that
(Iv(t),Ih(t))≤Kδeμδtˆvδ(t),∀t∈[ˆt2,+∞). | (3.10) |
Letting t→∞ in (3.10), we have (Iv(t),Ih(t))→(0,0). It then follows from the fourth equation or (2.4) that Eh(t)→0 as t→∞. In view of the theories of asymptotically periodic semiflows and internally chain transitive sets [21], we further deduce from the third equation of system (2.1) that
limt→∞Sh(t)=Λhμh. |
Then for any given δ1∈(0,δ), there exists ˆt3>ˆt2+ˆτ such that
Ih(t)≤δ1,Sh(t)≥Λhμh−δ1,∀t≥ˆt3, |
and hence,
dSv(t)dt≥Λv−(bβμhδ1Λh−μhδ1+μv)Sv(t),∀t≥ˆt3. |
For this inequality, we consider the following impulsive differential equation:
{dSv(t)dt=Λv−(bβμhδ1Λh−μhδ1+μv)Sv(t),t≠nT,n∈N,Sv(t+)=11+pSv(t),t=nT,n∈N. | (3.11) |
By Lemma 3.1, system (3.11) admits a globally stable T-periodic solution, denoted as ˆSδ1v(t), which depends continuously on δ1. It follows that for the above δ, there exists a ˆt4>ˆt3 such that
Sv(t)≥ˆSδ1v(t)−δ,∀t≥ˆt4. | (3.12) |
This, together with (3.8), yields for any δ1∈(0,δ)
ˆSδ1v(t)−δ≤Sv(t)≤ˆSv(t)+δ,∀t≥ˆt4. |
Letting δ1→0+, we obtain for any small δ>0, that there holds
ˆSv(t)−δ≤Sv(t)≤ˆSv(t)+δ,∀t≥ˆt4, | (3.13) |
which implies that limt→∞(Sv(t)−ˆSv(t))=0.
The result follows. In the remainder of this section, we investigate the uniform persistence of system (2.1).
Theorem 3.6. Assume that (Sv(t,ϕ),Iv(t,ϕ),Sh(t,ϕ),Eh(t,ϕ),Ih(t,ϕ)) is the unique solution of system (2.1) through ϕ∈X0:={(ϕ1,ϕ2,ϕ3,ϕ4,ϕ5)∈Dϵ:ϕ2(0)>0,ϕ5(0)>0}. If R0>1, then there exists ρ∗>0 such that lim inft→∞Ii(t,ϕ)≥ρ∗,i=v,h.
Proof. Let ∂X0:={ϕ∈Dϵ:ϕ2(0)=0 or ϕ5(0)=0}. For any \phi\in X_0 , it is easy to check that
I_i(t, \phi) > 0, \forall t > 0, i = v, h, |
that is, \Phi^n(X_0)\subset X_0 for any n\in\mathbb N with \Phi: = u_T given in Theorem 2.1 having a global attractor in D_\epsilon . Define
M_{\partial} = \{\phi\in\partial X_0: \Phi^n(\phi)\in \partial X_0 \text{ for any}\ n\in\mathbb N \}, |
let \omega(\psi) be the omega limit set of the forward orbit \Gamma = \{\Phi^n\psi:n\in \mathbb{N}\} , and
\mathcal{M} = \{(\hat{S}_v(\cdot), 0, \hat{S}_h, 0, 0\}. |
Claim 1: For any \psi\in M_{\partial} , \omega(\psi) = \mathcal{M} , which is locally stable in M_\partial .
For any given \psi\in M_\partial , it follows from the definition of M_\partial that for each n\in \mathbb{N} , there holds I_v(nT, \psi) = 0 or I_h(nT, \psi) = 0 . Consequently, we infer that either I_v(t, \psi)\equiv 0 or I_h(t, \psi)\equiv0 for any t\ge0 (as if there exists t_0\ge0 such that I_{i_0}(t_0, \psi)\not = 0 for some i_0\in\{v, h\} , then I_{i_0}(t, \psi) > 0 for all t\ge t_0 ).
In the case that I_v(t, \psi)\equiv0 for each t\ge0 , it follows from the second equation of system (2.1) that I_h(t-\tau_1)S_v(t-\tau_1) = 0 for any t\ge0 . By the first and sixth equations of (2.1), we have
S'_v(t)\ge \Lambda_{v}-(\mu_v+b\beta)S_v(t), t > 0, t\not = n T \text{ and } S_v(t^+) = \frac{1}{1+p}S_v(t), t = n T, n\in\mathbb{N}. |
This implies there exists \bar t_1 > 0 , such that S_v(t) > 0 for all t > \bar t_1+\tau_1 , and hence, I_h(t) = 0 and E_h(t) = 0 for all t\ge0 . Since disease-free system (3.2) admits a globally stable T periodic solution (\hat S(\cdot), \hat S_h) , we obtain that \omega(\psi) = \mathcal{M} .
In the case that I_h(t, \psi)\equiv0 for each t\ge0 , it follows from the fifth equation of system (2.1) that S_h(t-\tau_2)I_v(t-\tau_2) = 0 for any t\ge0 . By the third equation of (2.1), we have S'_h(t)\ge \Lambda_{h}-(\mu_v+c\beta)S_h(t), t > 0. This implies there exists \bar t_2 > 0 , such that S_h(t) > 0 for all t > \bar t_2+\tau_2 , and hence, I_v(t) = 0 and E_h(t) = 0 for all t\ge0 . For the same reason, we obtain that \omega(\psi) = \mathcal{M} . Therefore, Claim 1 is valid.
For \sigma\in\left(0, \min\{\min_{t\in(0, T] }\hat{S}_v(t), \hat{S}_h\}\right) , let Q_\sigma(t) be the solution map of the following system and Q_\sigma = Q_\sigma(T) be the associated Poincaré map
\begin{equation} \begin{cases} \left. \begin{array}{l} \frac{dI^\sigma_ v(t)}{dt} = b\beta e^{-\mu_{v}\tau_{1}}\frac{\hat{S}_v(t-\tau_{1})-\sigma}{\hat S_h+3\sigma}I_h^\sigma(t-\tau_{1})-\mu_{v}I_v^\sigma(t) , \\ \frac{dI_h^\sigma(t)}{dt} = c\beta e^{-\mu_{h}\tau_{2}}\frac{\hat S_h-\sigma}{\hat S_h+3\sigma}I_v^\sigma(t-\tau_{2})-(\mu_{h}+d_h-r_{vt}\mu_h)I_h^\sigma(t), \end{array} \right\}t\neq nT, n\in\mathbb{N}, \\ \left. \begin{array}{l} I^\sigma_{v}(t^{+}) = \frac{1}{1+p}I^\sigma_{v}(t), \\ I^\sigma_{h}(t^{+}) = I^\sigma_{h}(t), \end{array} \quad \right\}t = nT, n\in\mathbb{N}. \end{cases} \end{equation} | (3.14) |
For \sigma close to 0^+ , by the comparison principle, it follows that the spectral radius r(Q_\sigma) is non-increasing in \sigma , which implies \lim\limits_{\sigma\to0^+}r(Q_\sigma) exists and \lim\limits_{\sigma\to0^+}r(Q_\sigma)\le r(Q) . Note that r(Q_\sigma) is upper semi-continuous in \sigma\ge0 (see [26,27]), which further yields \limsup_{\sigma\to 0^+}r(Q_\sigma)\ge r(Q) , and hence, \lim\limits_{\sigma\rightarrow0^+}r(Q_\sigma) = r(Q) > 1 . Thus, we can fix a sufficiently small number \sigma > 0 such that r(Q_{\sigma_0}) > 1 . By Lemma 3.4, there exists a positive T -periodic function \hat{v}^\sigma = (\hat{v}^\sigma_1, \hat{v}^\sigma_2) such that e^{\mu_\sigma t}\hat{v}^\sigma(t) is a positive solution of system (3.14), where \mu_\sigma = \frac{\ln r(Q_\sigma)}{T} > 0 .
By the continuous dependence of the solution (see [20]) on the initial value, we have for the above chosen \sigma > 0 , and there exists \sigma^*\in(0, \sigma) such that \|u_t(\phi)- u_t(\mathcal{M})\| < \sigma for any t\in[0, T] provided \|\phi-\mathcal{M}\| < \sigma^* . Next we prove the following claim:
Claim 2: For all \phi\in X_0 , there holds \limsup\limits_{n\to\infty}\|\Phi^n\phi-\mathcal{M}\|\ge\sigma^*. Assume, by contradiction, that \limsup\limits_{n\to\infty}\|\Phi^n\hat\phi-\mathcal{M}\| < \sigma^* for some \hat\phi\in X_0 . Then there exists n_1\ge1 such that \|\Phi^n\hat\phi-\mathcal{M}\| < \sigma^* for any n\ge n_1 . For any t\ge n_1 T , letting t = n T+t' with n = [\frac{t}{T}] and t'\in[0, T) , by Theorem 2.1, we have
\begin{equation} \|u_{t}(\hat\phi)-\mathcal{M}\| = \|u_{t}(\hat\phi)-u_{t}(\mathcal{M})\| = \|u_{t'}(\Phi^n\hat\phi)-u_{t'}(\mathcal{M})\| < \sigma. \end{equation} | (3.15) |
It then follows that for any t > n_1T-\hat\tau , 0 < I_i(t) < \sigma, i = v, h , S_v(t) > \hat S_v(t)-\sigma , \hat{S}_h-\sigma < S_h(t)\le N_h(t) < \hat S_h+3\sigma . And hence, \frac{S_v(t-\tau_1)}{N_h(t-\tau_1)}\ge \frac{\hat S_v(t-\tau_1)-\sigma}{\hat S_h+3\sigma} > 0 and \frac{S_h(t-\tau_2)}{N_h(t-\tau_2)}\ge\frac{\hat{S}_h-\sigma}{\hat S_h+3\sigma} > 0 for any t > n_1T . By the comparison principle for cooperative systems, it follows that I_v(t, \hat\phi) and I_h(t, \hat\phi) in system (2.1) satisfy
\begin{equation} \begin{cases} \left. \begin{array}{l} \frac{dI_v(t)}{dt}\geq b\beta e^{-\mu_{v}\tau_{1}}\frac{\hat{S}_v(t-\tau_{1})-\sigma}{\hat S_h+3\sigma}I_h(t-\tau_{1})-\mu_{v}I_v(t), \\ \frac{dI_{h}(t)}{dt}\geq c\beta e^{-\mu_{h}\tau_{2}}\frac{\hat{S}_h-\sigma}{\hat S_h+3\sigma}I_v(t-\tau_{2})-(\mu_{h}+d_h-r_{vt}\mu_h)I_h(t), \end{array} \right\}t > n_1T, t\neq nT, \\ \left. \begin{array}{l} I_{v}(t^{+}) = \frac{1}{1+p}I_{v}(t), \\ I_{h}(t^{+}) = I_{h}(t), \end{array} \quad \right\} t = nT, n\ge n_1. \end{cases} \end{equation} | (3.16) |
Recall that Ke^{\mu_\sigma t} \hat v^\sigma(t) is a positive solution of (3.14) for any K > 0 . Choose K_\sigma > 0 such that
(I_v(t, \hat\phi), I_h(t, \hat\phi))\geq K_\sigma e^{\mu_\sigma t} \hat{v}^\sigma(t), \quad \forall t\in[n_1T , n_1T+\hat{\tau}]. |
Then the comparison theorem for cooperative impulsive delay differential systems implies that
(I_v(t, \hat\phi), I_h(t, \hat\phi))\geq K_\sigma e^{\mu_\sigma t} \hat{v}^\sigma(t), \quad \forall t\geq n_1 T+\hat{\tau}. |
Since \mu_\sigma > 0 , we get I_v(t, \hat\phi), I_h(t, \hat\phi)\rightarrow \infty as t\rightarrow \infty , which leads to a contradiction.
The above claims indicate that \mathcal{M} cannot form a cycle for \Phi in D_\epsilon and W^s(\mathcal{M})\cap X_0 = \emptyset , where W^s(\mathcal{M}) is the stable set of \mathcal{M} for \Phi . Now we define a continuous distance function p: D_\epsilon\to \mathbb{R}_+ by p(\phi) = \min\{\phi_2(0), \phi_5(0)\} . In view of Claim 1, we have W^s(\mathcal{M})\cap p^{-1}(0, \infty) = \emptyset . Now by [21, Lemma 1.2.1 and Theorem 1.3.2] and Theorem 2.1, it then follows that \Phi is uniformly persistent with respect to (X_0, \partial X_0, p) , that is, there exists \rho_1 > 0 such that
\liminf\limits_{n\to\infty}p(\Phi^n\phi) = \liminf\limits_{n\to\infty}\min\{I_v(nT, \phi), I_h(nT, \phi)\}\ge \rho_1 > 0, \quad \forall \phi\in X_0. |
Consequently, there exists n_2\ge 1 , such that
\min\{I_v(n T), I_h(nT)\}\ge \frac{\rho_1}{2}, \quad \forall n\ge n_2, n\in \mathbb{N}. |
Now for any t\ge n_2 T , letting t = n T+\bar t with n = [\frac{t}{T}] and \bar t\in[0, T) , we obtain from the equation of I_v that
I'_v(t)\ge-\mu_v I_v(t), t\in(n T, (n+1)T]. |
Therefore,
I_v(t)\ge \frac{1}{1+p}I_v(nT) e^{-\mu_{v}T} = \frac{\rho_1 e^{-\mu_v T}}{2(1+p)}. |
Similarly, we see from I_h(t)\ge-(\mu_h+d_h)I_h(t), t\ge nT that
I_h(t)\ge I_h(nT)e^{-(\mu_h+d_h)T} = \frac{\rho_1e^{-(\mu_h+d_h)T}}{2}. |
Now set \rho^* = \min\left\{\frac{\rho_1 e^{-\mu_v T}}{2(1+p)}, \frac{\rho_1e^{-(\mu_h+d_h)T}}{2}\right\} > 0 , we see that \liminf_{t\to\infty} I_i(t)\ge\rho^*, i = v, h.
In this section, we perform illustrative numerical simulations to verify theoretical results and explore the influences of key model parameters on the disease transmission. Note that the following simulations were based on the WNv disease transmission process studied in [9,15], where vector and host are mosquito and bird, respectively, and some of parameters were chosen only for the test of parameter sensitivity on the basic reproduction number.
Below, we take day as the time unit. Following the work in [9], we choose the baseline parameters as \Lambda_{v} = 100, \Lambda_{h} = 2.1, \mu_{v} = 0.05, \mu_{h} = 0.001, \beta = 0.16, c = 0.6, d_h = 0.005 . Since the EIP of vector (mosquito) is about 8–12 days, and the EIP of the host (bird) is about 3–5 days, we set \tau_{1} = 8, \tau_{2} = 3 unless stated otherwise.
Similar to [15], choose T = 10, p = 0.6 while \mathcal{R}_0 = 1.1490 . Figure 2(a) shows that the number of infected vectors tends to the periodical oscillation when culling occurs, whereas it tends to a equilibrium without culling. In addition, we see from Figure 2(a) that culling significantly reduces the amount of infections of the vector compared to the case of no culling. Choose T = 10, p = 2 while \mathcal{R}_0 = 0.7142 . As shown in the Figure 3(b), the number of infected hosts that are not culled will continue to increase, and after the action of culling, the number of infected hosts will decrease, and the disease will eventually die out.
Next, we use PRCCs (partial rank correlation coefficients) to obtain the sensitivity analysis of \mathcal{R}_0 . We take \Lambda_{v}, \Lambda_{h}, \mu_{v}, \mu_{h}, \beta, b, c, p, d_h and r_{vt} as the input variables and the value of \mathcal{R}_0 as the output variable. Figure 4 illustrates that parameters \Lambda_{h}, \mu_{v}, \mu_{h}, p and d_h are negatively correlated with \mathcal{R}_0 and the others are positively correlated. We also see that \mathcal{R}_0 is more sensitive to \mu_{h}, \beta, b, c and p . Thus, the corresponding control measures should be taken for these sensitive parameters. For instance, to reduce mosquito-bird contact and further control the disease spread, we could burn repellent plants in the bird habitat or at their water sources.
In Figure 5, we investigate the joint effects of \beta, p on \mathcal{R}_0 . It shows that when the biting rate \beta is large, it requires very strong culling effect. In Figure 6 we also choose different r_{vt} = 0.01, r = 0.05, r = 0.1 , while \beta = 0.05 , and get \mathcal{R}_0 increasing in r_{vt} (compare (a)–(c)). Both Figures 5 and 6 indicate that when all parameters are equal, \mathcal{R}_0 is decreasing in p . All the results are consistent with the conclusion in sensitivity analysis.
Finally, we examine the impact of the EIP on \mathcal{R}_0 . We let \tau_{1} vary from 0 to 10 and \tau_{2} vary from 0 to 5 . Figure 7 describes the dependence of \mathcal{R}_0 on \tau_{1} and \tau_{2} for three different frequencies of culling (i.e. \frac{1}{T} ). As we see from this figure, \mathcal{R}_0 is decreasing with respect to \tau_{1} as well as \tau_{2} and it increases as T increases for fixed \tau_{2} and \tau_{1} . This suggests that culling during the EIP and prolonging the EIP would be beneficial for disease control, while infrequent culling might be counterproductive.
In this paper, we have formulated an impulsive vector-borne disease model with time delays to investigate the joint effects of the EIP and impulsive intervention. The basic reproduction number \mathcal{R}_0 is first derived by the theory in [1], which serves as a threshold value to determine the extinction and uniform persistence of the disease. Unlike most existing works [1,6,9,15], we utilize the dynamical system approach to show the sharp uniform persistence as \mathcal{R}_0 > 1 . As is well known, the uniform persistence theory often gives rise to the existence of a positive periodic solution (see [21, Theorem 1.3.10]). As a complement, we could also show the existence of a positive periodic solution in [1,9,15] via our strategy. However, we emphasize that since our feasible domain D_\epsilon in (2.3) is non-convex, we could not directly utilize it to verify the existence of the positive periodic solution, and we will leave the general existence and its stability for further investigation.
In addition, there are several possible extensions of this work. For example, EIP is often sensitive to temperature, which would lead to study of the time-varying delay (especially time-periodic delays as in [16]), whose periods might be different from the fixed impulsive moments, and so it requires a more careful and delicate deviation of the theory in [1,21]. At the moment, we are working on a time-periodic impulsive model with constant delays, where the impulsive moments are different from the real-time periods. In a different work, one could elaborate our model by incorporating the stochastic effects, and perform the stability analysis of the model system using some recent results in [29,30,31].
The authors declare they have not used Artificial Intelligence (AI) tools in the creation of this article.
We are grateful to anonymous reviewers for their careful reading and valuable suggestions which led to an improvement of our original manuscript. This research was supported by the NSF of China (Nos. 12001205 and 12371169).
The authors declare there is no conflict of interest.
[1] |
Aguilera RV, Desender KA (2012) Challenges in the measuring of comparative corporate governance: a review of the main indices. West Meets East: Building Theoretical Bridges 8: 289–322. https://doi.org/10.1108/S1479-8387(2012)0000008014 doi: 10.1108/S1479-8387(2012)0000008014
![]() |
[2] |
Alesina A, Summers LH (1993) Central bank independence and macroeconomics performance: some comparative evidence. J Money Credit Bank 25: 151–162. https://doi.org/10.2307/2077833 doi: 10.2307/2077833
![]() |
[3] |
Angeriz A, Arestis P (2007) Assessing the Performance of Inflation Targeting Lite Countries. World Econ 30: 1–25. https://doi.org/10.1111/j.1467-9701.2007.01056.x doi: 10.1111/j.1467-9701.2007.01056.x
![]() |
[4] |
Angeriz A, Arestis P (2008) Assessing Inflation Targeting through intervention analysis. Oxford Econ Pap 60: 293–317. https://doi.org/10.1093/oep/gpm047 doi: 10.1093/oep/gpm047
![]() |
[5] | Armand FA, Roger S (2013) Inflation targeting and country risk: an empirical investigation. IMF Working, Paper.No.13/21. https://doi.org/10.5089/9781475554717.001 |
[6] | Ball L, Sheridan N (2003) Does inflation targeting matter? NBER Working Paper No.9577. Cambridge. https://doi.org/10.3386/w9577 |
[7] | Ball L, Sheridan N (2005) Does inflation targeting matter? Chapter in Bernanke, Bens, and Michael woodford (eds), The inflation targeting debate, University of Chicago Press, 249–276. https://doi.org/10.7208/chicago/9780226044736.003.0007 |
[8] |
Baltensperger E, Fischer AM, Jordan TJ (2007) Strong goal independence and inflation targets. Eur J Polit Econ 23: 88–105. https://doi.org/10.1016/j.ejpoleco.2006.09.014 doi: 10.1016/j.ejpoleco.2006.09.014
![]() |
[9] | Batini N, Laxton D (2007) Under what conditions inflation targeting can be adopted? the experience of emerging markets. Central Bank of Chile, Working Paper. No.406. |
[10] |
Bell G, Filatotchev I, Aguilera R (2014) Corporate governance and investors perceptions of foreign ipo value: an institutional perspective. Acad Manage J 57: 301–320. https://doi.org/10.5465/amj.2011.0146 doi: 10.5465/amj.2011.0146
![]() |
[11] | Ben Ali MS, Krammer S (2016) The role of institutions in economic development, In: Mohamed Sami Ben Ali, Economic Development in the Middle East and North Africa, Springer, 1–25. https://doi.org/10.1057/9781137480668_1 |
[12] | Blanchard OJ, Dell'Ariccia G, Mauro P (2010) Rethinking macroeconomic policy. IMF Staff Position. Note.No.10/03. |
[13] | Bordo MD (2008) An historical perspective on the crisis of 2007-2008. NBER Working Paper No.14569. Available from: http://www.nber.org/papers/w14569. |
[14] | Bordo MD, Dueker MJ, Wheelock DC (2001) Aggregate price shocks and financial instability: An historical analysis. FRB of saint louis. Working Paper 2000-005B. Available from: http://research.stlouisfed.org/wp/2000/2000-005.pdf. |
[15] |
Bordo MD, Jeanne O (2002) Monetary policy and asset prices: does benign neglect make sense? Int Financ 5: 139–164. https://doi.org/10.1111/1468-2362.00092 doi: 10.1111/1468-2362.00092
![]() |
[16] |
Bordo MD, Wheelock DC (1998) Price stability and financial stability: The historical record. Rev-Fed Reserve Bank Saint Louis 80: 41–60. https://doi.org/10.20955/r.80.41-62 doi: 10.20955/r.80.41-62
![]() |
[17] | Borio C, English B, Filardo A (2003) A tale of two perspectives: old or new challenges for monetary policy. BIS Working Paper No.147. Available from: https://www.bis.org/publ/bppdf/bispap19a.pdf. |
[18] | Borio C, Lowe P (2002) Asset prices, financial and monetary policy: exploring the nexus. Paper presented at the BIS Conference on "Changes in risk through time: measurement and policy options", BIS Working Papers, No.114, Basel. |
[19] |
Borio C, Zhu H (2012) Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? J Financ Stab 8: 236–251. https://doi.org/10.1016/j.jfs.2011.12.003 doi: 10.1016/j.jfs.2011.12.003
![]() |
[20] |
Brito RD, Bystedt B (2010) Inflation targeting in emerging economies: panel evidence. J Deve Econ. 9: 198–210. https://doi.org/10.1016/j.jdeveco.2009.09.010 doi: 10.1016/j.jdeveco.2009.09.010
![]() |
[21] | Cecchetti S, Genberg H, Lipsky J, et al. (2000) Asset prices and central bank policy, The Geneva Report on the World Economy no. 02, International Centre for Monetary and Banking Studies, Geneva. Available from: http://down.cenet.org.cn/upfile/8/2010318204458149.pdf. |
[22] |
Cukierman A, Webb SB, Neyapti B (1992) Measuring the independence of central bank and its effect on policy outcomes. World Bank Econ Rev. 6: 353–398. https://doi.org/10.1093/wber/6.3.353 doi: 10.1093/wber/6.3.353
![]() |
[23] | De Carvalho Filho MIE (2010). Inflation targeting and the crisis: An empirical assessment. International Monetary Fund. |
[24] |
Dinabandhu S, Debashis A (2019) Monetary policy and financial stability: The rôle of inflation targeting. Aust Econ Rev 53: 50–75. https://doi.org/10.1111/1467-8462.12348 doi: 10.1111/1467-8462.12348
![]() |
[25] |
Dreher A, Sturm JE, De Haan J (2008) Does high inflation cause central bankers to lose their job? evidence based on a new dataset. Eur J Polit Econ 24: 778–787. https://doi.org/10.1016/j.ejpoleco.2008.04.001 doi: 10.1016/j.ejpoleco.2008.04.001
![]() |
[26] | Fazio DM, Silva TC, Tabak BM, et al. (2015) Inflation targeting: Is IT to blame for banking system instability. J Bank Financ 59: 76–97. http://dx.doi.org/10.1016/j.jbankfin.2015.05.016 |
[27] |
Fazio DM, Silva TC, Tabak BM, et al. (2018) Inflation targeting and financial stability: does the quality of institutions matter? Econ Model 71: 1–15. https://doi.org/10.1016/j.econmod.2017.09.011 doi: 10.1016/j.econmod.2017.09.011
![]() |
[28] |
Foueijieu AA (2017) Inflation targeting and financial stability in emerging markets. Econ Model 60: 51–70. https://doi.org/10.1016/j.econmod.2016.08.020 doi: 10.1016/j.econmod.2016.08.020
![]() |
[29] | Foueijieu AA, Roger S (2013) Inflation targeting and country risk: an empirical investigation. IMF Working Paper No. 13/21. https://doi.org/10.5089/9781475554717.001 |
[30] | Fouejieu AA (2014) Inflation targeters do not care (enough) about financial stability a myth?: investigation on a sample of emerging market economies. Working paper No.2013-08. |
[31] |
Frappa S, Mésonnier JS (2010) The housing price boom of the late 1990s: did inflation targeting matter? J Financ Stab 6: 243–254. https://doi.org/10.1016/j.jfs.2010.06.001 doi: 10.1016/j.jfs.2010.06.001
![]() |
[32] | Ftiti Z, Essadi E (2013) Relevance of the inflation targeting policy. J Econ Financ Model. 1: 62–72. |
[33] | Gadanecz B, Jayaram K (2008) Measures of financial stability- a review, Proceedings of the IFC conference, on "Measuring financial innovation and its impact", Basel on 26–27 august. |
[34] | Goldfajn I, Werlang S (2000) The pass -through from depreciation to inflation: a panel study. Department of Economics Puc-Rio (Brazil). Banco Central de Brasil Working Paper No. 5. |
[35] |
Gonçalves CES, Carvalho A (2008) Who chooses to inflation target? Econ Lett 99: 410–413. https://doi.org/10.1016/j.econlet.2007.09.022 doi: 10.1016/j.econlet.2007.09.022
![]() |
[36] |
Gonçalves CES, Carvalho A (2009) Inflation targeting matters: evidence from OECD economies sacrifice ratios. J Money Credit Bank 41: 233–243. https://doi.org/10.1111/j.1538-4616.2008.00195.x doi: 10.1111/j.1538-4616.2008.00195.x
![]() |
[37] |
Gonçalves CES, Salles JM (2008) Inflation targeting in emerging economies: what do the data Say? J Dev Econ 85: 312–318. https://doi.org/10.1016/j.jdeveco.2006.07.002 doi: 10.1016/j.jdeveco.2006.07.002
![]() |
[38] | Hammond G (2012) State of the art of inflation targeting: the bank of england's centre for central bank studies. CCBS Handbook.No.29. |
[39] |
Hu Y (2006) The choice of inflation targeting: an empirical investigation. Int Econ Econ Policy 31: 27–42. https://doi.org/10.1007/s10368-005-0044-y doi: 10.1007/s10368-005-0044-y
![]() |
[40] |
Huang HC, Yeh CC, Wang X (2019) Inflation targeting and output-inflation tradeoffs. J Int Money Financ 96: 102–120. https://doi.org/10.1016/j.jimonfin.2019.04.009 doi: 10.1016/j.jimonfin.2019.04.009
![]() |
[41] | Hyvonen M (2004) Inflation convergence across countries. Reserve Bank of Australia RBA Research Sydney. Discussion Papers No.4 |
[42] | Issing O (2003) Monetary and financial stability: is there a trade-off? Remarks at Conference on monetary stability, financial stability and the business cycle. Bank for International Settlements, Basel on 28–29, 1–7. |
[43] |
Issing O (2009) Some Lessons from the financial market crisis. Int Financ 12: 431–444. https://doi.org/10.1111/j.1468-2362.2009.01250.x doi: 10.1111/j.1468-2362.2009.01250.x
![]() |
[44] |
Kadria M, Ben Aissa S (2014) Implementation of inflation targeting and budget deficit performance in emerging countries: a treatment effect evaluation. J Appl Bus Res 30: 1077–1090. https://doi.org/10.19030/jabr.v30i4.8656 doi: 10.19030/jabr.v30i4.8656
![]() |
[45] |
Kadria M, Ben Aissa S (2016) Inflation targeting and public deficit in emerging countries: A time varying treatment effect approach. Econ Model 52: 108–114. https://doi.org/10.1016/j.econmod.2015.02.022 doi: 10.1016/j.econmod.2015.02.022
![]() |
[46] | Leijonhufvud A (2007) Monetary and financial stability. CEPR Policy Insight. No.14. Available from: https://cepr.org/sites/default/files/policy_insights/PolicyInsight14.pdf. |
[47] | Levya G (2008) The Choice of inflation targeting. Working Papers Central Bank of Chile. No.475. |
[48] |
Lin S, Ye H (2007) Does inflation targeting really make a difference? evaluating the treatment effect of inflation targeting in seven industrial economies. J Monetary Econ 54: 2521–2533. https://doi.org/10.1016/j.jmoneco.2007.06.017 doi: 10.1016/j.jmoneco.2007.06.017
![]() |
[49] |
Lin S, Ye H (2009) Does inflation targeting make a difference in developing countries? J Dev Econ 89: 118–123. https://doi.org/10.1016/j.jdeveco.2008.04.006 doi: 10.1016/j.jdeveco.2008.04.006
![]() |
[50] |
Lin S, Ye H (2010) On the international effects of inflation targeting. Rev Econ Stat 92: 195–199. https://doi.org/10.1162/rest.2009.11553 doi: 10.1162/rest.2009.11553
![]() |
[51] |
Lucotte Y (2012) Adoption of inflation targeting and tax revenue performance in emerging market economies: an empirical investigation. Econ Syst 36: 609–628. https://doi.org/10.1016/j.ecosys.2012.01.001 doi: 10.1016/j.ecosys.2012.01.001
![]() |
[52] | Mahadeva L, Sterne G (2000) Monetary policy frameworks in a global context, Routledge, London. https://doi.org/10.4324/9780203351147 |
[53] |
Marcel F, Cristoph GS, Malte R (2020) Inflation targeting as a shock absorber. J Int Econ 123: 103308. https://doi.org/10.1016/j.jinteco.2020.103308 doi: 10.1016/j.jinteco.2020.103308
![]() |
[54] |
Michael R, Abrigo M, Love I (2016) Estimation of panel vector autoregression in stata: a package of programs. Stata J 16: 778–804. https://doi.org/10.1177/1536867X1601600314 doi: 10.1177/1536867X1601600314
![]() |
[55] | Mishkin FS (2004) Can inflation targeting work in emerging market countries? NBER Working Paper. No. 10646. https://doi.org/10.3386/w10646 |
[56] | Mishkin FS (2011) Monetary policy strategy: lessons from the crisis. NBER Working Paper. No.16755. https://doi.org/10.3386/w16755 |
[57] | Mishkin FS, Schmidt-Hebbel K (2001) One decade of inflation targeting in the world: what do we know and what do we need to know? NBER Working Paper No.8397. Cambridge. https://doi.org/10.3386/w8397 |
[58] | Mishkin FS, Schmidt-Hebbel K (2007) Does inflation targeting make a difference? In: Mishkin, Frederic, and Klaus Schimdt –Hebbel (eds), Monetary policy under inflation targeting, 11, Center Banking, Analysis, and Economic Policies, Central Bank of Chile, 291–372. https://doi.org/10.3386/w12876 |
[59] |
Mukherjee B, Singer DA (2008) Monetary institutions, partisanship, and inflation targeting. Int Organ 62: 323–358. https://doi.org/10.1017/S0020818308080119 doi: 10.1017/S0020818308080119
![]() |
[60] | Munoz F, Schmidt-Hebbel K (2012) Do the world's central banks react to financial markets? Working Paper held jointly by the International Monetary Fund, the World Bank, the Consortium on Financial Systems and Poverty, and the UK Department for International Development in September. Available from: http://www.cfsp.org/publications/working-papers/do-worlds-central-banks-react-financial-markets#.X3RvXVUzbIU. |
[61] |
Nair AR, Anand B (2020) Monetary policy and financial stability: should central bank lean against the wind? Central Bank Rev 20: 133–142. https://doi.org/10.1016/j.cbrev.2020.03.006 doi: 10.1016/j.cbrev.2020.03.006
![]() |
[62] |
Omid MA, Kundan NK, Kishorb S (2018) Re-evaluating the effectiveness of inflation targeting. J Econ Dyn Control 90: 76-97. https://doi.org/10.1016/j.jedc.2018.01.045 doi: 10.1016/j.jedc.2018.01.045
![]() |
[63] | Pétursson TG (2009) Inflation control around the world: why are some countries more successful than others? Central Bank of Iceland. Working Paper. No. 42, Department of Economics, Central Bank of Iceland. https://doi.org/10.1017/CBO9780511779770.007 |
[64] | Pierre RA, Luiz AP, Da S (2013) Inflation targeting and financial Stability: a perspective from the developing world. Banco central do Brasil Working Paper.No.324, 1–116. |
[65] |
Posen AS (2006) Why central banks should not burst bubbles. Int Financ 9: 109–124. https://doi.org/10.1111/j.1468-2362.2006.00028.x doi: 10.1111/j.1468-2362.2006.00028.x
![]() |
[66] | Ragin CC (1987) The comparative method. moving beyond qualitative and quantitative strategies, Berkeley and Los Angeles: University of California Press. |
[67] | Rajan R (2005) Has financial development made the world riskier? In the greenspan era: lessons for the future, Proceedings of the FRB of Kansas City Economic Symposium, Jackson Hole, 313–369. https://doi.org/10.3386/w11728 |
[68] |
Rihoux B (2006) Qualitative comparative analysis (QCA) and related systematic comparative methods: recent advances and remaining challenges for social science research. Int Sociol 21: 679–706. https://doi.org/10.1177/0268580906067836 doi: 10.1177/0268580906067836
![]() |
[69] |
Roubini N (2006) Why central banks should burst bubbles? Int Financ 9: 87–107. https://doi.org/10.1111/j.1468-2362.2006.00032.x doi: 10.1111/j.1468-2362.2006.00032.x
![]() |
[70] | Samaryna H, De Haan J (2011) Right on target: exploring the determinants of inflation targeting adoption. DNB Working Paper No.321. De Nederlandsche Bank. https://doi.org/10.2139/ssrn.1957602 |
[71] |
Schwartz A (1995) Why financial stability depends on price stability? Econ Affairs 15: 21–25. https://doi.org/10.1111/j.1468-0270.1995.tb00493.x doi: 10.1111/j.1468-0270.1995.tb00493.x
![]() |
[72] |
Seow SK, Siong HL, Mansor HI (2017) Credit expansion and financial stability in malaysia. Econ Model 61: 339–350. https://doi.org/10.1016/j.econmod.2016.10.013 doi: 10.1016/j.econmod.2016.10.013
![]() |
[73] | Svensson LEO (2010) Inflation targeting, In: Durlauf S.N., Blume L.E. (eds), Monetary Economics. The New Palgrave Economics Collection, Palgrave Macmillan, London. |
[74] | Taylor JB (2009) The financial crisis and the policy responses: an empirical analysis of what went wrong. NBER Working Paper. No.14631. https://doi.org/10.3386/w14631 |
[75] | Truman EM (2003) Inflation targeting in the world economy. Peterson Institute for International Economics. Washington D.C. |
[76] |
Umar M, Wen J (2020) Does inflation targeting cause financial instability?: an empirical test of paradox of credibility hypothesis. N Am J Econ Financ 52. https://doi.org/10.1016/j.najef.2020.101164 doi: 10.1016/j.najef.2020.101164
![]() |
[77] | Vega M, Winkelried D (2005) Inflation targeting and inflation behavior. Int J Central Bank 1: 153–176. |
[78] | Vis B (2012) The comparative advantages of fsQCA and regression analysis for moderately large-N analyses. Sociol Methods Res 41: 168–198. |
[79] |
Wagemann C, Buche J, Siewert MB (2016) QCA and business research: work in progress or a consolidated agenda? J Bus Res 69: 2531–2540. https://doi.org/10.1016/j.jbusres.2015.10.010 doi: 10.1016/j.jbusres.2015.10.010
![]() |
[80] | White WR (2006) Procyclicality in the financial system: do we need a new macrofinancial stabilisation framework? BIS. Working paper. No.193. |
[81] | Woodford M (2012) Inflation targeting and financial stability. NBER Working Paper. No.17967. https://doi.org/10.3386/w17967 |
[82] |
Yasuo H, Takushi K, Willem VZ (2020) Monetary policy and macroeconomic stability revisited. Rev Econ Dyn 37: 255–274. https://doi.org/10.1016/j.red.2020.03.001 doi: 10.1016/j.red.2020.03.001
![]() |
![]() |
![]() |
1. | Nabeela Anwar, Aqsa Ghaffar, Muhammad Asif Zahoor Raja, Iftikhar Ahmad, Muhammad Shoaib, Adiqa Kausar Kiani, Stochastic supervised neuro-architecture design for analyzing vector-borne plant virus epidemics with latency and incubation effects, 2024, 139, 2190-5444, 10.1140/epjp/s13360-024-05883-9 |