The objective of this paper is to examine causality and feedback relationships between primary commodity prices and US inflation. To this end, the bivariate noisy Mackey–Glass process recently developed by Kyrtsou and Labys [Evidence for chaotic dependence between US inflation and commodity...

In this paper, we analyze the rich dynamic properties of the noisy chaotic model developed by Kyrtsou [C. Kyrtsou, Evidence for neglected linearity in noisy chaotic models, International Journal of Bifurcation and Chaos 15 (10) (2005)] considering homoskedastic errors, with the aim of deriving...