A new type of economic intermittency is found in non-linear business cycles. Following a merging crisis, a complex economic system has the ability to retain memory of its weakly chaotic dynamics prior to crisis. The resulting time series exhibits episodic regime switching between periods of...

Intermittent behaviour of economic dynamics is studied by a nonlinear model of business cycles. Numerical simulations show that after an economic system evolves from order to chaos, the system keeps its memory before the transition and its time series alternates episodically between periods of...