Shilnikov chaos, low interest rates, and New Keynesian macroeconomics

DOI10.1016/J.JEDC.2021.104291OpenAlexW3136095885MaRDI QIDQ2115958FDOQ2115958

Giovanni Bella, Paolo Mattana, William A. Barnett, Taniya Ghosh, Beatrice Venturi

Publication date: 15 March 2022

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104291

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zbMATH Keywords

liquidity trapglobal indeterminacylong-term un-predictabilityshilnikov chaos

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites Work

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• The perils of Taylor rules
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• Deterministic chaos and fractal attractors as tools for nonparametric dynamical econometric inference: With an application to the Divisia monetary aggregates
• Liquidity traps and expectation dynamics: fiscal stimulus or fiscal austerity?
• Liquidity trap and stability of Taylor rules
• Shilnikov chaos in the Lucas model of endogenous growth
• Šil'nikov homoclinic orbits in two classes of 3D autonomous nonlinear systems

Cited In (4)

• Controlling chaos in New Keynesian macroeconomics
• Spiral attractors in a reduced mean-field model of neuron-glial interaction
• Monetary policy and determinacy: an inquiry into open economy New Keynesian macrodynamics
• Title not available (Why is that?)

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