Money and inflation in a nonlinear model

descriptionPublicationkeyboard_double_arrow_right Article , Research 01 Jul 2008 Australia, United Kingdom English Publisher:Elsevier BVJournal:Mathematics and Computers in Simulation, volume 78, pages 257-265 (issn: 0378-4754,

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Authors: Donald A. R. George; Les Oxley;

doi: 10.1016/j.matcom.2008.01.032

handle: 20.500.11820/3a7085ae-b074-4ae5-bfec-e0a0b09c804c , 20.500.11820/40003a73-bb09-4081-89a0-b9c7f41114bb , 20.500.11937/41474

Money and inflation in a nonlinear model

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Abstract

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.

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Australia, United Kingdom

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Keywords

330, money, nonlinearity, Money, inflation, Inflation, Nonlinearity

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