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Multiple equilibria in a cash-in-advance two-sector economy

โœ Scribed by Stefano Bosi; Francesco Magris; Alain Venditti

Book ID
114826525
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
198 KB
Volume
1
Category
Article
ISSN
1742-7355

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๐Ÿ“œ SIMILAR VOLUMES

Chaotic dynamics in a cash-in-advance ec
Chaotic dynamics in a cash-in-advance economy
โœ Ronald Michener; B. Ravikumar ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 230 KB

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