Directory UMM :Data Elmu:jurnal:J-a:Journal Of Economic Dynamics And Control:Vol24.Issue5-7.Jul2000:
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![Fig. 5. The 8D dynamics with a kinked Phillips curve for t3[100,200] ( f"!0.03).](https://thumb-ap.123doks.com/thumbv2/123dok/3104253.1376499/19.468.26.362.67.287/fig-d-dynamics-kinked-phillips-curve-t-f.webp)
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This larger view nests conventional rational expectations general equilibrium theory in the sense that if the costs of acquiring & full knowledge of the true model expectations
This model tries to combine both a well de " ned economic structure in the market trading mechanisms, along with inductive learning using a classi " er- based system..
Using the BDS and the NEGM tests, and 15-s, 1-min and 5-min returns (from September 1 to November 30, 1991), they reject the hypothesis of independence in favor of a nonlinear
Bifurcation diagrams plotting long-run behavior versus intensity of choice b for (a) constant beliefs about conditional variances of returns, (b) time varying beliefs about
In Section 5.4 we have seen that when the symmetric equilibrium price vector of a ta ( tonnement process with both a re # ectional and a rotational symmetry loses stability
Using a singular perturbation technique, we have derived conditions under which topological chaos occurs due to transverse homoclinic orbits to the golden rule steady state when
portfolio holdings constitutes a su $ cient minimal state space and that there exists a continuous policy function f as well as a function g mapping last period ' s portfolio
for every initial resource stock a critical level of debt, below which debt may be steered to zero but above which debt tends to in " nity, no matter how the rate of extraction
