Misperception-driven chaos: theory and policy implications

DOI10.1016/J.JEDC.2007.06.013MaRDI QIDQ844677zbMATH OpenOpenAlexFDO

Authors Masanori Yokoo, Junichiro Ishida

Publication date 19 January 2010

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.2007.06.013

zbMATH Keywords

heterogeneitychaosbusiness cycleobservation errorspolicy implications

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55)

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Cites work

• scientific article; zbMATH DE number 1070540 (Why is no real title available?)
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• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Nonergodic Economic Growth
• Nonlinear Dynamics and Chaos in Optimal Growth: An Example
• On a Class of Transformations which have Unique Absolutely Continuous Invariant Measures
• On the Existence of Invariant Measures for Piecewise Monotonic Transformations
• Period Three Implies Chaos
• Preferable disequilibrium in a nonlinear cobweb economy
• Stability, chaos and multiple attractors: a single agent makes a difference
• Threshold Autoregression with a Unit Root

Cited in

(3)

• A simple model of growth cycles with technology choice
• On the concept of endogenous volatility
• Chaotic dynamics of a piecewise linear model of credit cycles

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