IDEAS home Printed from https://ideas.repec.org/a/eee/jmacro/v20y1998i4p843-856.html
   My bibliography  Save this article

Active Monetary Policy and Instability in a Phillips Curve System

Author

Listed:
  • Montoro, Juan D.
  • Paz, Jose V.
  • Roig, Miguel

Abstract

No abstract is available for this item.

Suggested Citation

  • Montoro, Juan D. & Paz, Jose V. & Roig, Miguel, 1998. "Active Monetary Policy and Instability in a Phillips Curve System," Journal of Macroeconomics, Elsevier, vol. 20(4), pages 843-856, October.
    • Handle: RePEc:eee:jmacro:v:20:y:1998:i:4:p:843-856
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0164-0704(98)00087-1
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Baumol, William J & Benhabib, Jess, 1989. "Chaos: Significance, Mechanism, and Economic Applications," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 77-105, Winter.
    2. Day, Richard H. & Pianigiani, Giulio, 1991. "Statistical dynamics and economics," Journal of Economic Behavior & Organization, Elsevier, vol. 16(1-2), pages 37-83, July.
    3. Grandmont, Jean-Michel, 1985. "On Endogenous Competitive Business Cycles," Econometrica, Econometric Society, vol. 53(5), pages 995-1045, September.
    4. Grandmont, Jean-Michel, 1991. "Expectations driven business cycles," European Economic Review, Elsevier, vol. 35(2-3), pages 293-299, April.
    5. Kelsey, David, 1988. "The Economics of Chaos or the Chaos of Economics," Oxford Economic Papers, Oxford University Press, vol. 40(1), pages 1-31, March.
    6. Isaac, Alan G., 1986. "Reversing the Phillips' curve: A microfoundation," Journal of Macroeconomics, Elsevier, vol. 8(2), pages 221-226.
    7. Sasakura, Kazuyuki, 1995. "Political economic chaos?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(2), pages 213-221, July.
    8. Day, Richard H. & Pianigiani, Giulio, 1991. "Statistical Dynamics and Economics," Working Paper Series 293, Research Institute of Industrial Economics.
    9. Reichlin, Pietro, 1986. "Equilibrium cycles in an overlapping generations economy with production," Journal of Economic Theory, Elsevier, vol. 40(1), pages 89-102, October.
    10. Soliman, A. S., 1996. "Transitions from stable equilibrium points to periodic cycles to chaos in a phillips curve system," Journal of Macroeconomics, Elsevier, vol. 18(1), pages 139-153.
    11. DeCoster, Gregory P. & Mitchell, Douglas W., 1992. "Dynamic implications of chaotic monetary policy," Journal of Macroeconomics, Elsevier, vol. 14(2), pages 267-287.
    12. Benhabib, Jess, 1980. "Adaptive monetary policy and rational expectations," Journal of Economic Theory, Elsevier, vol. 23(2), pages 261-266, October.
    13. Mullineux, Andy & Peng, WenSheng, 1993. "Nonlinear Business Cycle Modelling," Journal of Economic Surveys, Wiley Blackwell, vol. 7(1), pages 41-83.
    14. Reichlin, Pietro, 1990. "Output-inflation cycles in an economy with staggered wage setting," Journal of Economic Dynamics and Control, Elsevier, vol. 14(3-4), pages 597-625, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Goenka, Aditya & Poulsen, Odile, 2004. "Factor Intensity Reversal and Ergodic Chaos," Working Papers 04-13, University of Aarhus, Aarhus School of Business, Department of Economics.
    2. Hallegatte, Stéphane & Ghil, Michael & Dumas, Patrice & Hourcade, Jean-Charles, 2008. "Business cycles, bifurcations and chaos in a neo-classical model with investment dynamics," Journal of Economic Behavior & Organization, Elsevier, vol. 67(1), pages 57-77, July.
    3. Luis A. Aguirre & Antonio Aguirre, 1997. "A tutorial introduction to nonlinear dynamics in economics," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 7(2), pages 9-47.
    4. Nijkamp, P. & Poot, J., 1991. "Lessons from non-linear dynamic economics," Serie Research Memoranda 0105, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    5. Nijkamp, Peter & Reggiani, Aura, 1995. "Non-linear evolution of dynamic spatial systems. The relevance of chaos and ecologically-based models," Regional Science and Urban Economics, Elsevier, vol. 25(2), pages 183-210, April.
    6. Barnett, William A. & Serletis, Apostolos & Serletis, Demitre, 2015. "Nonlinear And Complex Dynamics In Economics," Macroeconomic Dynamics, Cambridge University Press, vol. 19(8), pages 1749-1779, December.
    7. Bullard, James & Butler, Alison, 1993. "Nonlinearity and Chaos in Economic Models: Implications for Policy Decisions," Economic Journal, Royal Economic Society, vol. 103(419), pages 849-867, July.
    8. Asano, Takao & Yokoo, Masanori, 2019. "Chaotic dynamics of a piecewise linear model of credit cycles," Journal of Mathematical Economics, Elsevier, vol. 80(C), pages 9-21.
    9. Hartwell, Christopher A., 2019. "Short waves in Hungary, 1923 and 1946: Persistence, chaos, and (lack of) control," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 532-550.
    10. Chichilnisky, Graciela & Heal, Geoffrey & Lin, Yun, 1995. "Chaotic price dynamics, increasing returns and the Phillips curve," Journal of Economic Behavior & Organization, Elsevier, vol. 27(2), pages 279-291, July.
    11. Guo, Jang-Ting & Lansing, Kevin J., 2002. "Fiscal Policy, Increasing Returns, And Endogenous Fluctuations," Macroeconomic Dynamics, Cambridge University Press, vol. 6(5), pages 633-664, November.
    12. Kazuo Mino & Koji Shimomura & Ping Wang, 2005. "Occupational Choice and Dynamic Indeterminacy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(1), pages 138-153, January.
    13. van der Laan, G. & Talman, A.J.J., 2002. "Dynamic Adjustment of Supply Constrained Disequilibria to Walrasian Equilibrium," Other publications TiSEM 8c5d443d-92c8-4e82-bcef-3, Tilburg University, School of Economics and Management.
    14. Gomes, Orlando, 2008. "Too much of a good thing: Endogenous business cycles generated by bounded technological progress," Economic Modelling, Elsevier, vol. 25(5), pages 933-945, September.
    15. Michele Boldrin, 1988. "Persistent Oscillations and Chaos in Dynamic Economic Models: Notes for a Survey," UCLA Economics Working Papers 458A, UCLA Department of Economics.
    16. Hippolyte D'Albis & Emmanuelle Augeraud-Veron, 2008. "Endogenous Retirement and Monetary Cycles," Mathematical Population Studies, Taylor & Francis Journals, vol. 15(4), pages 214-229.
    17. Hommes, Cars & Huang, Hai & Wang, Duo, 2005. "A robust rational route to randomness in a simple asset pricing model," Journal of Economic Dynamics and Control, Elsevier, vol. 29(6), pages 1043-1072, June.
    18. Herings, Jean-Jacques & van der Laan, Gerard & Talman, Dolf & Venniker, Richard, 1997. "Equilibrium adjustment of disequilibrium prices," Journal of Mathematical Economics, Elsevier, vol. 27(1), pages 53-77, February.
    19. Tramontana, Fabio & Gardini, Laura & Agliari, Anna, 2011. "Endogenous cycles in discontinuous growth models," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 81(8), pages 1625-1639.
    20. Rui Coimbra, "undated". "Efficiency Wages, Increasing Returns and Endogenous Fluctuations," Discussion Papers 99/6, Department of Economics, University of York.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jmacro:v:20:y:1998:i:4:p:843-856. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622617 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.