2 papers
econ.GN2024
Keynesian chaos revisited: odd period cycles and ergodic properties
Tomohiro Uchiyama
In this paper, we study two standard (Keynesian) dynamic macroeconomic models (one is piecewise linear and the other is nonlinear). Our purpose is twofold: (1)~For each model, we g…
econ.GN2024
Odd period cycles and ergodic properties in price dynamics for an exchange economy
Tomohiro Uchiyama
In the first part of this paper (Sections 1-4), we study a standard exchange economy model with Cobb-Douglas type consumers and give a necessary and sufficient condition for the ex…