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Economic Complexity: Chaos, Sunspots, Bubbles, and Nonlinearity : Proceedings of the Fourth International Symposium in Economic Theory and Econometrics - William A. Barnett

Economic Complexity: Chaos, Sunspots, Bubbles, and Nonlinearity

Proceedings of the Fourth International Symposium in Economic Theory and Econometrics

By: William A. Barnett (Editor), John Geweke (Editor), Karl Shell (Editor)

Hardcover

Published: 17th November 2004
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The contents of this volume comprise the proceedings of the International Symposia in Economic Theory and Econometrics conference held in 1987 at the IC^T2 (Innovation, Creativity, and Capital) Institute at the University of Texas at Austin. The essays present fundamental new research on the analysis of complicated outcomes in relatively simple macroeconomic models. The book covers econometric modelling and time series analysis techniques in five parts. Part I focuses on sunspot equilibria, the study of uncertainty generated by nonstochastic economic models. Part II examines the more traditional examples of deterministic chaos: bubbles, instability, and hyperinflation. Part III contains the most current literature dealing with empirical tests for chaos and strange attractors. Part IV deals with chaos and informational complexity. Part V, Nonlinear Econometric Modelling, includes tests for and applications of nonlinearity.

Editor+s introductionlPart I
Sunspot equilibrium in an overlapping-generations economy with an idealized contingent-commodites market
On stationary sunspot equilibria of order
Local bifurcations and stationary sunspots
On the nonequivalence of the Arrow-securities game and the contingent-commodities gameJames PeckPeck, JamesKarl ShellShell, KarllPart II
Endogenous financial-production cycles in a macroeconomic model
Speculative bubbles and exchange of information on the market of a storable good
Least-squares learning and the dynamics of hyperinflationAlbert MarcetMarcet, AlbertThomas J. SargentSargent, Thomas J.lPart III
A comparison between the conventional economic approach to structural inference and the nonparametric chaotic attractor approach
Nonlinear dynamics and GNP dataJosT A. ScheinkmanScheinkman, JosT A.Blake LeBaronLeBaron, BlakelPart IV
Paths of optimal accumulation in two-sector models
Economic growth in the very long run: on the multiple-phase interaction of population, technology, and social infrastructure
When are small frictions negligible?
Imperfect financial intermediation and complex dynamicsMichael WoodfordWoodford, MichaellPart V
Modeling with normal polynominal expansions
Hysteresis and the evolution of postwar US and UK unemployment
Evidence of nonlinearity in the trade-by-trade stock market return generating process
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521355636
ISBN-10: 052135563X
Series: Cambridge Classical Texts and Commentaries
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 424
Published: 17th November 2004
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 2.69
Weight (kg): 0.79