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Relevance of chaos and strange attractors in the Samuelson-Hicks oscillator

Verne, Jean-François - In: Economic thought 10 (2021) 1, pp. 32-45

In this paper, we look for the relevance of chaos in the well-known Hicks-Samuelson's oscillator model investigating …. We compute the Lyapunov exponent, via Monte-Carlo simulations, to detect chaos in the evolution of the income between … quasi-periodic attractor that can be chaotic or not. …

Persistent link: https://www.econbiz.de/10012623438

Chaos

Orlando, Giuseppe; Stoop, Ruedi; Taglialatela, Giovanni - In: Nonlinearities in economics : an interdisciplinary …, (pp. 87-103). 2021

In this chapter, we first precise the concept of dynamical systems, and then we introduce the concept of chaos, which …

Persistent link: https://www.econbiz.de/10012648032

Measuring complex patterns in space-time

Thompson, Michael; Young, Louise - In: Australasian marketing journal 22 (2014) 1, pp. 28-35

Persistent link: https://www.econbiz.de/10010350405

Deterministic chaos versus stochastic processes: An empirical study on the Austrian Schilling - US Dollar exchange rate

Crespo Cuaresma, Jesús - 1998

The classical theory about foreign exchange rate explains its fluctuations as the resulting of a random walk motion. In this paper, such a theory is put into question by performing Brock, Dechert and Scheinkman's (1987) test on the Austrian Schilling - US Dollars exchange rate for the period...

Persistent link: https://www.econbiz.de/10010291922

Stability, chaos and multiple attractors: A single agent makes a difference

Onozaki, Tamotsu; Sieg, Gernot; Yokoo, Masanori - 2001

periodic attractor in the market but with him there may appear many coexisting periodic attractors of arbitrarily large periods. …

Persistent link: https://www.econbiz.de/10010322049

The Euro/Dollar exchange rate: Chaotic or non-chaotic?

Federici, Daniela; Gandolfo, Giancarlo - 2011

-linearity that gives rise to a jerk differential equation, which is in principle capable of generating chaos. The model is …

Persistent link: https://www.econbiz.de/10010274880

Random walks and non-linear paths in macroeconomic time series : some evidence and implications

Bevilacqua, Franco; Zon, Adriaan van - Institut für Volkswirtschaftstheorie und -politik <Wien> - 2001

This paper investigates whether the inherent non-stationarity of macroeconomic time series is entirely due to a random walk or also to non-linear components. Applying the numerical tools of the analysis of dynamical systems to long time series for the US, we reject the hypothesis that these...

Persistent link: https://www.econbiz.de/10005841587