This paper introduces sufficient conditions for the existence of deterministic cycles and chaos in cash-in-advance models, building on the earlier work of . Chaotic equilibria are shown to be particularly likely in the cash-in-advance model, because of a unique characteristic of such models: a disco
โฆ LIBER โฆ
Inflation, Growth, and Impatience in a Cash-in-Advance Economy
โ Scribed by Kenji Miyazaki
- Publisher
- Springer US
- Year
- 2011
- Tongue
- English
- Weight
- 53 KB
- Volume
- 17
- Category
- Article
- ISSN
- 1083-0898
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