Complex Systems Approach to Economic Dynamics

Paperback Engels 2007 2007e druk 9783540397526
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Samenvatting

Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.

Specificaties

ISBN13:9783540397526
Taal:Engels
Bindwijze:paperback
Aantal pagina's:101
Uitgever:Springer Berlin Heidelberg
Druk:2007

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Inhoudsopgave

Nonlinear Dynamics of Economic Cycles.- Type-I Intermittency in Nonlinear Economic Cycles.- Crisis-Induced Intermittency in Nonlinear Economic Cycles.- Attractor Merging Crisis in Nonlinear Economic Cycles.- Chaotic Transients in Nonlinear Economic Cycles.- Conclusion.

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        Complex Systems Approach to Economic Dynamics