TY  - BOOK
AU  - Benhabib,Jess
AU  - Baumol,William J.
AU  - Benhabib,Jess
AU  - Boldrin,Michele
AU  - Brock,William A.
AU  - Day,Richard H.
AU  - Deneckere,Raymond J.
AU  - Drazen,Allan
AU  - Grandmont,Jean-Michel
AU  - Jullien,Bruno
AU  - Laroque,Guy
AU  - McNevin,Bruce
AU  - Montrucchio,Luigi
AU  - Neftci,Salih
AU  - Nishimura,Kazuo
AU  - Ramsey,James B.
AU  - Reichlin,Pietro
AU  - Rothman,Philip
AU  - Sayers,Chera L.
AU  - Shafer,Wayne
AU  - Whitesell,William
AU  - Wolff,Edward N.
AU  - Woodford,Michael
TI  - Cycles and Chaos in Economic Equilibrium
SN  - 9780691225210
AV  - HB3711 
U1  - 339.5 23
PY  - 2022///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - Business cycles
KW  - Mathematical models
KW  - Equilibrium (Economics)
KW  - BUSINESS & ECONOMICS / Economics / General
KW  - bisacsh
KW  - "economic literature
KW  - ARCH Models
KW  - Aperiodic dynamics
KW  - Behavioral Assumptions
KW  - Bifurcation
KW  - Clearing Theories
KW  - Consumption loans
KW  - Cyclic Sets
KW  - Diagrammatic Exposition
KW  - Economic Data
KW  - Equilibria
KW  - Final remarks
KW  - Foresight Dynamics
KW  - Indeterminacy
KW  - Money Transfers
KW  - Monotonicity
KW  - Multiplicity
KW  - Notations
KW  - Saddle-Point Instability
KW  - Samuelson Economy
KW  - Sarkovskii's theorem
KW  - Stability
KW  - Stabilization Policies
KW  - The Model
KW  - The Technology
KW  - Topological conjugacy
KW  - Two-Sector Economy
KW  - Uniqueness
KW  - Volatility"
KW  - Wealth-Capital Economy
KW  - chaotic
KW  - dynamic programming
KW  - dynamically
KW  - endogenous cycles
KW  - erratic
KW  - estimation
KW  - intertemporal
KW  - mechanisms
KW  - oscillatory
KW  - stochastic non-linearity
KW  - turnpike property
N1  - Frontmatter --; Contents --; Introduction --; 1 Equilibrium Models Displaying Endogenous Fluctuations and Chaos: A Survey --; 2 Periodic and Aperiodic Behaviour in Discrete One-Dimensional Dynamical Systems --; 3 A Characterization of Erratic Dynamics in the Overlapping Generations Model --; 4 On Endogenous Competitive Business Cycles --; 5 Competitive Business Cycles in an Overlapping Generations Economy with Productive Investment --; 6 Endogenous Fluctuations in a Two-Sector Overlapping Generations Economy --; 7 Recent Theories of the Business Cycle: The Role of Speculative Inventories --; 8 Endogenous Cycles with Uncertain Lifespans in Continuous Time --; 9 The Hopf Bifurcation and the Existence and Stability of Closed Orbits in Multisector Models of Optimal Economic Growth --; 10 Sources of Complex Dynamics in Two-Sector Growth Models --; 11 Imperfect Financial Intermediation and Complex Dynamics --; 12 Dynamical Systems that Solve Continuous-Time Concave Optimization Problems: Anything Goes --; 13 Stochastic Equilibrium Oscillations --; 14 Cyclical and Chaotic Behavior in a Dynamic Equilibrium Model, with Implications for Fiscal Policy --; 15 Endogenous Business Cycles with Self-Fulfilling Optimism: A Model with Entry --; 16 Keynesian Chaos --; 17 Feedback Between R&D and Productivity Growth: A Chaos Model --; 18 Is the Business Cycle Characterized by Deterministic Chaos? --; 19 The Statistical Properties of Dimension Calculations Using Small Data Sets: Some Economic Applications --; 20 Some Evidence on the Non-Linearity of Economic Time Series: 1890-1981 --; 21 Nonlinear Dynamics and Stock Returns --; List of Contributors; restricted access
N2  - In recent years economists have begun to use the techniques of non-linear dynamics to show that some apparently erratic and turbulent economic phenomena reflect subtle underlying patterns. How do cyclic and chaotic dynamics arise in economic models of equilibrium? How can empirical methods be used to detect nonlinearities and cyclic and chaotic structures in economic models? In examining these questions, this book brings together the most significant work that has been done to date in economics-based chaos theory. Selected here particularly for the economist who is not a specialist in chaos theory, the essays, some previously unpublished and others not widely available, describe a new tool for understanding business cycles, stabilization policy, and forecasting. The contributors to the volume are William J. Baumol, Jess Benhabib, Michele Boldrin, William A. Brock, Richard H. Day, Raymond J. Deneckere, Allan Drazen, Jean-Michel Grandmont, Kenneth L. Judd, Bruno Jullien, Guy Laroque, Blake LeBaron, Bruce McNevin, Luigi Montrucchio, Salih Nefti, Kazuo Nishimura, James B. Ramsey, Pietro Reichlin, Philip Rothman, Chera L. Sayers, Jos A. Scheinkman, Wayne Shafer, William Whitesell, Edward N. Wolff, and Michael Woodford
UR  - https://doi.org/10.1515/9780691225210?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9780691225210
UR  - https://www.degruyter.com/document/cover/isbn/9780691225210/original
ER  -