Flaschel, Peter; Proaño, Christian - In: Studies in Nonlinear Dynamics & Econometrics 13 (2009) 2, pp. 1674-1674
We reconsider the issue of the (non-)equivalence of period and continuous time analysis in macroeconomic theory and its implications for the existence of chaotic dynamics in empirical macroeconomics. We start from the methodological precept that period and continuous time representations of the...