Strange Attractors and Endogenous Business Cycle Theory
Hans-Walter Lorenz
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Hans-Walter Lorenz: Georg-August-UniversitÄT GÖttingen
Chapter 8 in Business Cycles, 1991, pp 183-204 from Palgrave Macmillan
Abstract:
Abstract Dynamical systems theory in the 1970s and 1980s has been dominated by research on non-linear systems and so-called chaotic motion. As economic time-series are obviously characterised by irregularities, it has been presumed that these irregularities can be modelled by the help of chaotic dynamical systems.
Keywords: Business Cycle; Homoclinic Orbit; Chaotic Motion; Stylise Fact; Strange Attractor (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-11570-9_8
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DOI: 10.1007/978-1-349-11570-9_8
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