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Strange Attractors and Endogenous Business Cycle Theory

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Business Cycles

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Abstract

Dynamical systems theory in the 1970s and 1980s has been dominated by research on non-linear systems and so-called chaotic motion. As economic time-series are obviously characterised by irregularities, it has been presumed that these irregularities can be modelled by the help of chaotic dynamical systems.

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Niels Thygesen Kumaraswamy Velupillai Stefano Zambelli

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© 1991 International Economic Association

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Lorenz, HW. (1991). Strange Attractors and Endogenous Business Cycle Theory. In: Thygesen, N., Velupillai, K., Zambelli, S. (eds) Business Cycles. International Economic Association. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11570-9_8

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