Money and external habit persistence. A tale for chaos

Stéphane Auray; Fabrice Collard; Patrick Fève

doi:10.1016/S0165-1765(02)00035-6

Money and external habit persistence. A tale for chaos

Stéphane Auray
, Fabrice Collard
, Patrick Fève

Université de Nantes
Université Paul Sabatier
Universit de Toulouse 1 - Capitole

Résultats de recherche: Contribution à un journal › Article › Revue par des pairs

9 Citations (Scopus)

Résumé

This paper studies the dynamic properties of a simple monetary economy model with external habit formation, in which money is used for transaction motives. We show that large enough (though reasonable) habit can generate deterministic cycles and chaotic equilibria.

langue originale	Anglais
Pages (de - à)	121-127
Nombre de pages	7
journal	Economics Letters
Volume	76
Numéro de publication	1
Les DOIs	https://doi.org/10.1016/S0165-1765(02)00035-6
état	Publié - 1 juin 2002
Modification externe	Oui

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10.1016/S0165-1765(02)00035-6

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title = "Money and external habit persistence. A tale for chaos",

abstract = "This paper studies the dynamic properties of a simple monetary economy model with external habit formation, in which money is used for transaction motives. We show that large enough (though reasonable) habit can generate deterministic cycles and chaotic equilibria.",

keywords = "Chaos, Deterministic cycles, External habit, Monetary economy",

author = "St{\'e}phane Auray and Fabrice Collard and Patrick F{\`e}ve",

year = "2002",

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doi = "10.1016/S0165-1765(02)00035-6",

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T1 - Money and external habit persistence. A tale for chaos

AU - Auray, Stéphane

AU - Collard, Fabrice

AU - Fève, Patrick

PY - 2002/6/1

Y1 - 2002/6/1

N2 - This paper studies the dynamic properties of a simple monetary economy model with external habit formation, in which money is used for transaction motives. We show that large enough (though reasonable) habit can generate deterministic cycles and chaotic equilibria.

AB - This paper studies the dynamic properties of a simple monetary economy model with external habit formation, in which money is used for transaction motives. We show that large enough (though reasonable) habit can generate deterministic cycles and chaotic equilibria.

KW - Chaos

KW - Deterministic cycles

KW - External habit

KW - Monetary economy

U2 - 10.1016/S0165-1765(02)00035-6

DO - 10.1016/S0165-1765(02)00035-6

M3 - Article

AN - SCOPUS:0036613280

SN - 0165-1765

VL - 76

SP - 121

EP - 127

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Money and external habit persistence. A tale for chaos

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