Complexity in Economics: Cutting Edge Research (New Economic by Marisa Faggini, Anna Parziale

By Marisa Faggini, Anna Parziale

In this e-book, top specialists speak about leading edge parts of complexity idea and chaos idea in economics.

The underlying point of view is that investigations of monetary phenomena should still view those phenomena now not as deterministic, predictable and mechanistic yet particularly as procedure established, natural and constantly evolving.

The goal is to spotlight the fascinating strength of this procedure in economics and its skill to beat the constraints of prior study and supply vital new insights. The ebook deals a stimulating mixture of conception, examples and policy.

By casting gentle on a number of themes within the box, it's going to offer a fantastic platform for researchers wishing to deepen their realizing and establish components for extra investigation.

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Extra resources for Complexity in Economics: Cutting Edge Research (New Economic Windows)

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J. Theor. Appl. Financ. 7, 135–149 (2003) Chapter 2 Kaldorian Assumptions and Endogenous Fluctuations in the Dynamic Fixed-Price IS-LM Model Giovanni Bella, Paolo Mattana and Beatrice Venturi Abstract With the aim of better understanding the conditions which determine endogenous fluctuations at business cycle frequencies, recent literature has revived interest in the Schinasi’s variant of the dynamic, intermediate-run, IS-LM model (Schinasi 1981, 1982). Results, however, remain confined to Kaldorian-type economies, namely to those economies which present a greater-than-unity marginal propensity to spend out of income.

Homoclinic bifurcation and global indeterminacy of equilibrium in a two-sector endogenous growth model. Int. J. Econ. : Hopf bifurcation in a dynamic is-lm model with time delay. : Stability and bifurcations in is-lm economic models. Int. Rev. Econ. : On the dynamic behavior of schinasi’s business cycle model. J. Macroecon. : A nonlinear dynamic model of short run fluctuations. Rev. Econ. Stud. : Fluctuations in a dynamic, intermediate-run is-lm model: applications of the poincaré-bendixon theorem.

It P. it M. Faggini and A. 1007/978-3-319-05185-7_2, © Springer International Publishing Switzerland 2014 31 32 G. Bella et al. , Cai 2005; de Cesare and Sportelli 2005; Fanti and Mandredi 2007; Neantu, Opris and Chilarescu 2007). , Gandolfo 1997; Makovinyiova 2011; Neri and Venturi 2007, Sasakura 1994; Zimka 1999) remain more in line with the original structure of the model, and look for the existence of oscillating solutions in specific regions of the parameters space mainly by the use of the Hopf bifurcation Theorem.

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