INTRODUCTION TO THE SPECIAL ISSUE ON NONLINEAR TIME SERIES

Melvin Hinich

Macroeconomic Dynamics, 2010, vol. 14, issue S1, 1-2

Abstract: A nation's economy is a complex nonlinear dynamical system with links to other national economies. Classical macroeconomic models typically incorporate linear approximations to the nonlinear world and add simple dynamics to capture adjustments over time. Most of these simplifications offer little insight into the nonlinear structure of economic relationships that exist. Nor do they provide useful predictions beyond the short-term predictions of the autoregressive linear models from which they are derived.

Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:macdyn:v:14:y:2010:i:s1:p:1-2_99

Access Statistics for this article

More articles in Macroeconomic Dynamics from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().