Considerable work has been done on chaotic dynamics in the field of economic growth and dynamic macroeconomic models during the last two decades. This book considers numerous new developments: introduction of infrastructure in growth models, heterogeneity of agents, hysteresis systems, overlapping models with "pay-as-you-go" systems, keynesian approaches with finance considerations, interactions between relaxation cycles and chaotic dynamics, methodological issues, long memory processes and fractals... A volume of contributions which shows the relevance and fruitfulness of non-linear analysis for the explanation of complex dynamics in economic systems.
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1: Economic Growth Models.- Infrastructure in an Adaptative Economizing Model of Economic Growth.- Neo-classical Growth and Complex Dynamics: A Note on Day’s (1982) Model.- 2: Business Cycles.- Hysteresis Arising Prom Individual Inertia and Behavioral Heterogeneity.- Non Linear Dynamics and Utility Functions in Overlapping Generations Models.- Pay-as-You-Go System under Permanent Business Cycle.- 3: Keynesian Models.- Relaxation Cycle Chaotic Dynamics and Limit Cycle: a Model with Keynesian’ Flavour’.- Credit and Financial Markets in Keynes’ Conception of Endogenous Business Cycles: an Interpretation.- 4: Methodological Issues.- Business Cycles, Chaos and Predictability.- Long-term Memory and Chaos: a Note.- Contributors.
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Paperback. Condizione: new. Paperback. Considerable work has been done on chaotic dynamics in the field of economic growth and dynamic macroeconomic models during the last two decades. This book considers numerous new developments: introduction of infrastructure in growth models, heterogeneity of agents, hysteresis systems, overlapping models with "pay-as-you-go" systems, keynesian approaches with finance considerations, interactions between relaxation cycles and chaotic dynamics, methodological issues, long memory processes and fractals. A volume of contributions which shows the relevance and fruitfulness of non-linear analysis for the explanation of complex dynamics in economic systems. This is a consideration of developments in research on chaotic dynamics in the field of economic growth and dynamic macroeconomic models. It includes coverage of: heterogeneity of agents; hysteresis systems; methodological issues; and long memory processes and fractals. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Codice articolo 9783540643210
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