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Titlebook: Nonlinear Dynamics in Equilibrium Models; Chaos, Cycles and In John Stachurski,Alain Venditti,Makoto Yano Book 2012 Springer-Verlag Berlin

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书目名称Nonlinear Dynamics in Equilibrium Models
副标题Chaos, Cycles and In
编辑John Stachurski,Alain Venditti,Makoto Yano
视频video
概述A unique collection of Kazuo Nishimura‘s most important papers.Includes a detailed treatment of nonlinear dynamics in many key growth models.Provides researchers with extensive background on endogenou
图书封面Titlebook: Nonlinear Dynamics in Equilibrium Models; Chaos, Cycles and In John Stachurski,Alain Venditti,Makoto Yano Book 2012 Springer-Verlag Berlin
描述Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory, illuminating dynamics and demonstrating the possibility of endogenous economic fluctuations. Kazuo Nishimura‘s seminal contributions on business cycles, chaotic equilibria and indeterminacy have been central to this development, transforming our understanding of economic growth, cycles, and the relationship between them. The subjects of Kazuo‘s analysis remain of fundamental importance to modern economic theory. This book collects his major contributions in a single volume. Kazuo Nishimura has been recognized for his contributions to economic theory on many occasions, being elected fellow of the Econometric Society and serving as an editor of several major journals..Chapter “Introduction” is available open access under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License via link.springer.com..
出版日期Book 2012
关键词Endogenous Cycles; Growth Theory; Indeterminacy; Nonlinear Dynamics; Stability Theory
版次1
doihttps://doi.org/10.1007/978-3-642-22397-6
isbn_softcover978-3-642-44622-1
isbn_ebook978-3-642-22397-6
copyrightSpringer-Verlag Berlin Heidelberg 2012
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Competitive Equilibrium Cyclesd overlapping generations economies, conditions for the existence of equilibrium cycles have been given by Grandmont (1983) and by Benhabib and Day (1982). Models of the economy with extrinsic uncertainty or “sunspots” that have been developed by Shell (1977) and by Cass and Shell (1983) (see also B
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On the Least Upper Bound of Discount Factors that are Compatible with Optimal Period-Three Cyclesclical optimal path of period 3 may emerge.1 On the one hand, Nishimura and Yano (1994) and Nishimura et al. (1994) construct examples in which a cyclical optimal path of period 3 emerges for discount factors around 0:36. On the other hand, Sorger (1992a,b, 1994), demonstrates that if such a path em
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