Titlebook: Nonlinear Dynamics in Economics and Social Sciences; Proceedings of the S Franco Gori,Lucio Geronazzo,Marcello Galeotti Conference proceedi

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Complexity in Deterministic, Nonlinear Business-Cycle Models — Foundations, Empirical Evidence, and during the late 1960s and early 1970s, the last fifteen years saw it resurrecting even as a synonym for dynamic macroeconomics. The Rational Expectations literature of the late 1970s and early 1980s and the development of sophisticated econometric tools in investigations of an economy’s fluctuations

annexation

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Economic Nonlinear Dynamic Developmentdely used in the physical sciences. The first qualitative model in economics was proposed by Kalecki in the early thirties but, being linear, was seriously criticized by Frish on the grounds that it was structurally unstable. Then came the dramatic impact of the Keynes General Theory, which led to a

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Random Walk vs. Chaotic Dynamics in Financial Economics issued on such stocks. By price behavior we mean the dynamic, period by period, change in the price level of a given stock, such as, the daily closing price of an IBM share and the daily settlement price of the corresponding put or call. The extensive literature that addresses these twin problems i

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A New Keynesian Model of the Business Cycle and Financial Fragilityeived of as responses of a linear system to stochastic disturbances (Frisch, 1933; Slutstky, 1937; Lucas, 1975). Alternatively, the second one interprets the oscillating path of income as a built-in feature of a non-linear deterministic system (Kaldor, 1940; Hicks, 1950; Goodwin, 1982; Grandmont, 19

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