Stabilizing chaos in a dynamic macroeconomic model

Kurzanzeige
dc.contributor.authorKaas, Leo
dc.date.accessioned2011-03-25T09:39:59Zdeu
dc.date.available2011-03-25T09:39:59Zdeu
dc.date.issued1998deu
dc.description.abstractWithin a macroeconomic disequilibrium model it turns out that stationary and simple adaptive policies are not capable of stabilizing efficient steady states and lead to periodic or irregular fluctuations for large sets of policy parameters. The application of recent control methods for chaotic dynamical systems shows that the government can, in principle, stabilize an unstable Walrasian equilibrium in a short time by varying income tax rates or government expenditures. Different stabilizing policies are analyzed and compared with regard to their efficiency.eng
dc.description.versionpublished
dc.format.mimetypeapplication/pdfdeu
dc.identifier.citationFirst publ. in: Journal of Economic Behavior and Organization 33 (1998), 3-4, pp. 313-332deu
dc.identifier.doi10.1016/S0167-2681(97)00061-9
dc.identifier.ppn312353510deu
dc.identifier.urihttp://kops.uni-konstanz.de/handle/123456789/11750
dc.language.isoengdeu
dc.legacy.dateIssued2009deu
dc.rightsterms-of-usedeu
dc.rights.urihttps://rightsstatements.org/page/InC/1.0/deu
dc.subjectDisequilibrium modelsdeu
dc.subjectNonlinear dynamicsdeu
dc.subjectStabilization policydeu
dc.subjectControlling chaosdeu
dc.subject.ddc330deu
dc.subject.jelE32; E62deu
dc.titleStabilizing chaos in a dynamic macroeconomic modeleng
dc.typeJOURNAL_ARTICLEdeu
dspace.entity.typePublication
kops.citation.bibtex
@article{Kaas1998Stabi-11750,
  year={1998},
  doi={10.1016/S0167-2681(97)00061-9},
  title={Stabilizing chaos in a dynamic macroeconomic model},
  number={3-4},
  volume={33},
  journal={Journal of Economic Behavior and Organization},
  pages={313--332},
  author={Kaas, Leo}
}
kops.citation.iso690KAAS, Leo, 1998. Stabilizing chaos in a dynamic macroeconomic model. In: Journal of Economic Behavior and Organization. 1998, 33(3-4), pp. 313-332. Available under: doi: 10.1016/S0167-2681(97)00061-9deu
kops.citation.iso690KAAS, Leo, 1998. Stabilizing chaos in a dynamic macroeconomic model. In: Journal of Economic Behavior and Organization. 1998, 33(3-4), pp. 313-332. Available under: doi: 10.1016/S0167-2681(97)00061-9eng
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kops.sourcefieldJournal of Economic Behavior and Organization. 1998, <b>33</b>(3-4), pp. 313-332. Available under: doi: 10.1016/S0167-2681(97)00061-9deu
kops.sourcefield.plainJournal of Economic Behavior and Organization. 1998, 33(3-4), pp. 313-332. Available under: doi: 10.1016/S0167-2681(97)00061-9deu
kops.sourcefield.plainJournal of Economic Behavior and Organization. 1998, 33(3-4), pp. 313-332. Available under: doi: 10.1016/S0167-2681(97)00061-9eng
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