As an area in topology, inverse limits has its origins in the 1920s and since the 1950s has been very useful as means of constructing ``pathological continua. However, since the 1980s there is a growing literature that looks at the connection between inverse limits and topological dynamics. In this paper, the authors review some results from this literature and apply them to the cash-in-advance model of money. In particular, they analyze the inverse limit of the cash-in-advance model of money and illustrate how information about the inverse limit is useful for detecting or ruling out complicated dynamics.
Recommendations
- Inverse limits. From continua to chaos
- An inelastic bound on chaos
- scientific article; zbMATH DE number 3944913
- scientific article; zbMATH DE number 797343
- Inverse problem in chaotic map theory
- scientific article; zbMATH DE number 1159122
- Inverse Problem and Central Limit Theorem in Chaotic Map Theory
- Chaos in the sense of Li-Yorke and the order of the inverse limit space.
- Martelli's chaos in inverse limit dynamical systems and hyperspace dynamical systems
Cites work
- Backward dynamics in economics. The inverse limit approach
- Chaos, Periodicity, and Snakelike Continua
- Chaotic dynamics in a cash-in-advance economy
- Chaotic equilibria in models with backward dynamics
- Concerning hereditarily indecomposable continua
- Dynamical properties of the shift maps on the inverse limit spaces
- scientific article; zbMATH DE number 7227247 (Why is no real title available?)
- scientific article; zbMATH DE number 53928 (Why is no real title available?)
- scientific article; zbMATH DE number 701396 (Why is no real title available?)
- scientific article; zbMATH DE number 1963551 (Why is no real title available?)
- scientific article; zbMATH DE number 1524478 (Why is no real title available?)
- scientific article; zbMATH DE number 2103315 (Why is no real title available?)
- scientific article; zbMATH DE number 762888 (Why is no real title available?)
- scientific article; zbMATH DE number 1420702 (Why is no real title available?)
- Interesting Dynamics and Inverse Limits in a Family of One-Dimensional Maps
- Invariant sets and inverse limits
- Inverse limit spaces arising from problems in economics
- Inverse limits and an implicitly defined difference equation from economics
- Inverse limits of upper semi-continuous set valued functions
- Monetary policy and price level determinacy in a cash-in-advance economy
- Money and Interest in a Cash-in-Advance Economy
- On Endogenous Competitive Business Cycles
- Period Three Implies Chaos
- Periodicity and Indecomposability
- Self-similarity in inverse limit spaces of the tent family
- The Dynamics of Continuous Maps of Finite Graphs through Inverse Limits
Cited in
(18)- Backward dynamics in economics. The inverse limit approach
- Abstract topological dynamics involving set-valued functions
- Inverse limits with bonding functions whose graphs are arcs
- Invariant measures on multi-valued functions
- \(\mathcal{F}\)-mixing property and \((\mathcal{F}_1,\mathcal{F}_2)\)-everywhere chaos of inverse limit dynamical systems
- Inverse limits and an implicitly defined difference equation from economics
- Li-Yorke chaos in models with backward dynamics
- Tariff and equilibrium indeterminacy: a global analysis
- Implicit equilibrium dynamics
- Inverse limits, economics, and backward dynamics;Límites inversos, Economía y Dinámica Regresiva
- Basins of measures on inverse limit spaces for the induced homeomorphism
- Inverse limits and statistical properties for chaotic implicitly defined economic models
- Uniform measures on inverse limit spaces
- Fixed points imply chaos for a class of differential inclusions that arise in economic models
- Inverse limits. From continua to chaos
- Chaos in the sense of Li-Yorke and the order of the inverse limit space.
- Chaotic equilibria in models with backward dynamics
- Balanced-budget rules: chaos and deterministic sunspots
This page was built for publication: The inverse limits approach to chaos
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q949648)
