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Nonlinear and Complex Dynamics in Real Systems

Barnett, William; Serletis, Apostolos; Serletis, Demitre - Department of Economics, University of Kansas - 2005

we provide a review of the literature with respect to fluctuations in real systems and chaos. In doing so, we contrast … distinguishing between stochastic and deterministic behavior. Moreover, we look at the issue of where and when the ideas of chaos …

Persistent link: https://www.econbiz.de/10005106588

A SINGLE-BLIND CONTROLLED COMPETITION AMONG TESTS FOR NONLINEARITY AND CHAOS*

Barnett, William; Gallant, A. Ronald; Hinich, Melvin J.; … - Department of Economics, University of Kansas - 2012

Interest has been growing in testing for nonlinearity or chaos in economic data, but much controversy has arisen about …-blind controlled competition among five highly regarded tests for nonlinearity or chaos with ten simulated data series. The data … for nonlinearity or noisy chaos. …

Persistent link: https://www.econbiz.de/10010900173

Nonlinear and Complex Dynamics in Economics

Barnett, William; Serletis, Apostolos; Serletis, Demitre - Department of Economics, University of Kansas - 2012

dynamical complexity, characterizing chaos and near chaos, as commonly found in the physical sciences. The paper also surveys … complexity, chaos, and other related concepts precise, having in mind their (actual or potential) applications to economically … policy relevancy of chaos. …

Persistent link: https://www.econbiz.de/10010900185

The Exact Theoretical Rational Expectations Monetary Aggregate

Barnett, William; Hinich, Melvin J.; Yue, Piyu - Department of Economics, University of Kansas - 2012

In aggregation theory, index numbers are judged relative to their ability to track the exact aggregator functions nested within the economy’s structure. Within the monetary sector, Barnett, Liu, and Jensen (1997) compared two statistical index numbers: the Divisia monetary aggregate and the...

Persistent link: https://www.econbiz.de/10010568028