Chaos control in presence of financial bubbles

Bella, Giovanni
;Mattana, Paolo
2020-01-01

Abstract

The paper shows that in the economy described by Miao and Wang (2015), with financial bubbles emerging in the banking sector, a Shilnikov chaotic attractor giving rise to unpredictable global indeterminacy can appear when the bubble bursts, resulting in a financial crisis. In this case, a suitable policy algorithm to eliminate or control the chaotic dynamics is proposed.
2020
2020
Inglese
ECONOMICS LETTERS
193
n. 109314
3
WOS:000551630000029
2-s2.0-85086130644
Esperti anonimi
internazionale
scientifica
Shilnikov chaos; global indeterminacy; financial bubbles; liquidity trap
no
Bella, Giovanni; Mattana, Paolo
1.1 Articolo in rivista
info:eu-repo/semantics/article
1 Contributo su Rivista::1.1 Articolo in rivista
262
2
reserved
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