Money and inflation in a nonlinear model
A nonlinear model of inflation and growth, with a fixed rate of money growth, is developed and its global dynamics analysed. These are compared with the local, linearised dynamics of the model. It is shown that the global dynamics of the model plausibly predict hyperinflationary bubbles, which are n...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Published: |
Elsevier Science
2008
|
| Online Access: | http://hdl.handle.net/20.500.11937/41474 |
| _version_ | 1848756155939028992 |
|---|---|
| author | George, D. Oxley, Leslie |
| author_facet | George, D. Oxley, Leslie |
| author_sort | George, D. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | A nonlinear model of inflation and growth, with a fixed rate of money growth, is developed and its global dynamics analysed. These are compared with the local, linearised dynamics of the model. It is shown that the global dynamics of the model plausibly predict hyperinflationary bubbles, which are not present in the linearised version. Numerical simulations of the model are presented. © 2008 IMACS. |
| first_indexed | 2025-11-14T09:07:43Z |
| format | Journal Article |
| id | curtin-20.500.11937-41474 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:07:43Z |
| publishDate | 2008 |
| publisher | Elsevier Science |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-414742017-09-13T14:12:16Z Money and inflation in a nonlinear model George, D. Oxley, Leslie A nonlinear model of inflation and growth, with a fixed rate of money growth, is developed and its global dynamics analysed. These are compared with the local, linearised dynamics of the model. It is shown that the global dynamics of the model plausibly predict hyperinflationary bubbles, which are not present in the linearised version. Numerical simulations of the model are presented. © 2008 IMACS. 2008 Journal Article http://hdl.handle.net/20.500.11937/41474 10.1016/j.matcom.2008.01.032 Elsevier Science restricted |
| spellingShingle | George, D. Oxley, Leslie Money and inflation in a nonlinear model |
| title | Money and inflation in a nonlinear model |
| title_full | Money and inflation in a nonlinear model |
| title_fullStr | Money and inflation in a nonlinear model |
| title_full_unstemmed | Money and inflation in a nonlinear model |
| title_short | Money and inflation in a nonlinear model |
| title_sort | money and inflation in a nonlinear model |
| url | http://hdl.handle.net/20.500.11937/41474 |