Testing for Nonlinear Structure and Chaos in Economic Time. A Comment.

This short paper is a comment on ``Testing for Nonlinear Structure and Chaos in Economic Time Series'' by Catherine Kyrtsou and Apostolos Serletis. We summarize their main results and discuss some of their conclusions concerning the role of outliers and noisy chaos. In particular, we include some new simulations to investigate whether economic time series may be characterized by low dimensional noisy chaos.

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Year of publication:	2006-03-27
Authors:	Hommes, Cars ; Manzan, Sebastiano
Institutions:	Tinbergen Instituut
Subject:	nonlinearity \| chaos \| noise \| self-organized criticality \| Mackey-Glass-GARCH

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Extent:	application/pdf
Series:	Tinbergen Institute Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Tinbergen Institute Discussion Papers Number 06-030/1
Classification:	C22 - Time-Series Models ; C45 - Neural Networks and Related Topics ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011255740