Considerable work has been done on chaotic dynamics in the field of economic growthand 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.
Inhaltsverzeichnis
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.
