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Economic Complexity: Chaos, Sunspots, Bubbles, and Nonlinearity

Economic Complexity: Chaos, Sunspots, Bubbles, and Nonlinearity PDF Author: William A. Barnett
Publisher: Cambridge University Press
ISBN: 9780521355636
Category : Business & Economics
Languages : en
Pages : 426

Book Description
The contents of this volume comprise the proceedings of the International Symposia in Economic Theory and Econometrics conference held in 1987 at the IC^T2 (Innovation, Creativity, and Capital) Institute at the University of Texas at Austin. The essays present fundamental new research on the analysis of complicated outcomes in relatively simple macroeconomic models. The book covers econometric modelling and time series analysis techniques in five parts. Part I focuses on sunspot equilibria, the study of uncertainty generated by nonstochastic economic models. Part II examines the more traditional examples of deterministic chaos: bubbles, instability, and hyperinflation. Part III contains the most current literature dealing with empirical tests for chaos and strange attractors. Part IV deals with chaos and informational complexity. Part V, Nonlinear Econometric Modelling, includes tests for and applications of nonlinearity.
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