Economic Bifurcation And Chaos

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English | 2025 | ISBN: 9811293651 | 715 Pages | PDF (True) | 18 MB
Economic Bifurcation and Chaos provides a unified presentation of the contributions to the literature on economic bifurcation, nonlinear dynamics, and chaos by William A Barnett and his coauthors. The span of the research begins in 1988 with Barnett's initial finding of chaos in economic data. The book continues with subsequent findings of bifurcation in all dynamical macroeconomic models so far tested by Barnett and his coauthors. The research covered extends over 3 decades to his recent findings of Shilnikov chaos in New Keynesian models of the UK and US economies. While methodology for testing for bifurcation, nonlinear dynamics, and chaos are fundamental to the research, the book's ultimate objectives focus on implications for robustness of dynamical inferences and implications for policy.


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