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• W1971665548 abstract "Abstract This paper considers the implications of exogenously generated chaotic monetary dynamics for the timepaths of endogenous variables in an otherwise linear rational expectations model. It is shown that chaos in the money stock is transmitted, with an increase in complexity and with noise, to all nominal variables and the real money supply, while output and the real interest rate are, as is to be expected, unaffected. The paper also discusses the difficulty of forming a rational expectation in the presence of chaotic dynamics." @default.
• W1971665548 created "2016-06-24" @default.
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• W1971665548 date "1992-03-01" @default.
• W1971665548 modified "2023-09-27" @default.
• W1971665548 title "Dynamic implications of chaotic monetary policy" @default.
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• W1971665548 doi "https://doi.org/10.1016/0164-0704(92)90044-9" @default.
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