Stabilizing chaos in a dynamic macroeconomic model
نویسندگان
چکیده
منابع مشابه
Stabilizing chaos in a dynamic macroeconomic model
Within a macroeconomic disequilibrium model it turns out that stationary and simple adaptive policies are not capable of stabilizing effkient steady states and lead to periodic or irregular fluctuations for large sets of policy parameters. The application of recent control methods for chaotic dynamical systems shows that the government can, in principle, stabilize an unstable Walrasian equilibr...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 1998
ISSN: 0167-2681
DOI: 10.1016/s0167-2681(97)00061-9