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Cycles and Chaos in Economic Equilibrium

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Cycles and Chaos in Economic Equilibrium - Benhabib, Jess
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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 ...

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Cycles and Chaos in Economic Equilibrium 1992, Princeton University Press, Princeton

ISBN-13: 9780691003924

Trade paperback