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
Stationary sunspot equilibrium in a cash-in-advance economy
โ Scribed by Teh-Ming Huo
- Publisher
- Elsevier Science
- Year
- 1995
- Tongue
- English
- Weight
- 761 KB
- Volume
- 19
- Category
- Article
- ISSN
- 0165-1889
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