Keynesian chaos

Richard H. Day and Wayne Shafer

Journal of Macroeconomics, 1985, vol. 7, issue 2, 277-295

Abstract: This paper shows how nonperiodic fluctuations can emerge in the standard fix price macroeconomic model when induced investment is strong enough. Specific functional forms are used to illustrate the phenomenon and to compute numerical evidence that nonperiodic fluctuations need not be rare.

Date: 1985
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:7:y:1985:i:2:p:277-295

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