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Cycles and Chaos in Economic Equilibrium

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ISBN-10: 0691003920

ISBN-13: 9780691003924

Edition: 1992

Authors: Jess Benhabib

List price: $125.00
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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 Selected here particularly for the economist who is not a specialist in chaos theory, the essays, some previously unpublished and others not widely available, describe a new tool…    
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Book details

List price: $125.00
Copyright year: 1992
Publisher: Princeton University Press
Publication date: 3/23/1992
Binding: Paperback
Pages: 488
Size: 6.54" wide x 8.94" long x 1.14" tall
Weight: 1.562
Language: English

Equilibrium Models Displaying Endogenous Fluctuations and Chaos A Survey
Periodic and Aperiodic Behaviour in Discrete One-Dimensional Dynamical Systems
A Characterization of Erratic Dynamics in the Overlapping Generations Model
On Endogenous Competitive Business Cycles
Competitive Business Cycles in an Overlapping Generations Economy with Productive Investment
Endogenous Fluctuations in a Two-Sector Overlapping Generations Economy
Recent Theories of the Business Cycle
Endogenous Cycles with Uncertain Lifespans in Continuous Time
The Hopf Bifurcation and the Existence and Stability of Closed Orbits in Multisector Models of Optimal Economic Growth
Sources of Complex Dynamics in Two-Sector Growth Models
Imperfect Financial Intermediation and Complex Dynamics
Dynamical Systems that Solve Continuous-Time Concave Optimization Problems
Stochastic Equilibrium Oscillations
Cyclical and Chaotic Behavior in a Dynamic Equilibrium Model, with Implications for Fiscal Policy
Endogenous Business Cycles with Self-Fulfilling Optimism
Keynesian Chaos
Feedback Between R&D and Productivity Growth
Is the Business Cycle Characterized by Deterministic Chaos?
The Statistical Properties of Dimension Calculations Using Small Data Sets
Some Evidence on the Non-Linearity of Economic Time Series
Nonlinear Dynamics and Stock Returns
List of Contributors