Showing 1 - 10 of 199
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
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/10015387042
Based on a classical financial market model different model variants known from the literature are discussed and analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of (heterogeneous) beliefs about future asset prices into the model...
Persistent link: https://www.econbiz.de/10009428980
core to German labor market dynamics. Chaos does not occur.  …
Persistent link: https://www.econbiz.de/10014608718
characterized by what is called 'systemic chaos', however the drivers of these chaotic dynamics have not been explicitly analyzed … chaos, in three steps. First, we show that the accumulation process can be mathematically described by what is known as a … missing detailed understanding of how systemic chaos is an outcome of the contradictory dynamics of capital accumulation …
Persistent link: https://www.econbiz.de/10013467124
This research explores five barriers, acting as obstacles to chaos in terms of policy (A), economic (B), social (C … state of the systems is then presented, the element that generates the mathematical equation specific to chaos, the block … through its components and for different economic partners, the state of chaos is explained by means of a structure with …
Persistent link: https://www.econbiz.de/10014496793
A growing empirical and theoretical literature argues in favor of specifying monetary policy in the form of Taylor-type interest rate feedback rules. That is, rules whereby the nominal interest rate is set as an increasing function of inflation with a slope greater than one around an intended...
Persistent link: https://www.econbiz.de/10010318350
expensive. The polynomial chaos approach has been shown to be more efficient than Monte Carlo for quantifying the effects of … polynomial chaos theory for parameter estimation: a Bayesian approach, and an approach using an extended Kalman filter (EKF) to … obtain the polynomial chaos representation of the uncertain states and the uncertain parameters. The two methods are applied …
Persistent link: https://www.econbiz.de/10009457571
This paper builds models of nonlinear dynamics in the aggregate investment and borrower net worth and uses them to study the causes and nature of endogenous credit cycles. The basic model has two types of projects: the Good and the Bad. The Bad is highly productive, but, unlike the Good, it...
Persistent link: https://www.econbiz.de/10010266314
-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