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Formulation of an innovative model for the bioeconomy. [PDF]

open access: yesPLoS One
Zuniga-Gonzalez CA   +4 more
europepmc   +1 more source

CHAOS THEORY AND THE NEW KEYNESIAN ECONOMICS*

open access: closedThe Manchester School, 1990
The possibility of endogenous chaotic cycles in rational expectations models undermines New Classical arguments that macroeconomic stabilization policies will be either ineffective or inefficient. However, the possibility of chaos also weakens the ability of New Keynesian stabilization policies because of the associated forecasting difficulties ...
J. Barkley Rosser
semanticscholar   +4 more sources

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