Chaotic Behavior of Real Exchange Rate Model: Perspectives on Lyapunov Exponents
نویسندگان
چکیده
The behaviors of the real exchange rate corresponding to capital mobility within an open-economy macroeconomic framework are investigated. Chaotic phenomena are reasonable candidates for analyzing the random walk behaviors of the given real exchange rate model similar to the simple logistic map. Method of Lyapunov exponents helps determine varied chaotic phenomena in order to choose specific capital mobility.
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تاریخ انتشار 2006