Can a stochastic cusp catastrophe model explain stock market crashes?

DOI10.1016/j.jedc.2009.04.004zbMath1176.91086MaRDI QIDQ1042382

Jozef Barunik, Miloslav S. Vosvrda

Publication date: 7 December 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2009.04.004

zbMATH Keywords

nonlinear dynamics; singularity; bifurcations; stochastic cusp catastrophe; stock market crash

Mathematics Subject Classification ID

91B70: Stochastic models in economics

91B62: Economic growth models

58K35: Catastrophe theory

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