; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Chaotic Dynamics and Bifurcation in a Macro Model"; ; "batchuser@example.com"; "Stutzer, Michael J."; "Federal Reserve Bank of Minneapolis"; "Symbolic dynamics", "Erdogic theory", "Continuous time model"; "C01 - Econometrics", "E10 - General Aggregative Models: General"; "The qualitative dynamics of a discrete time version of a deterministic, continuous time, nonlinear macro model formulated by Haavelmo are fully characterized. The methods of symbolic dynamics and ergodic theory are shown to provide a simple, effective means of analyzing the behavior of the resulting one-parameter family of first-order, deterministic, nonlinear difference equations. A complex periodic and random \"aperiodic\" orbit structure dependent on a key structural parameter is present, which contrasts with the total absence of such complexity in Haavelmo's continuous time version. Several implications for dynamic economic modelling are discussed."^^; "1980-01"; "2018-03-13T20:33:37.385474079+00:00"^^; ; "19800700fedmsr55"; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-04-10T21:24:28.953781607+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "766"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "140"; "Symbolic dynamics", "Continuous time model", "Erdogic theory"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Related paper: [Staff Report 55: Chaotic Dynamics and Bifurcation in a Macro Model](https://doi.org/10.21034/sr.55)"^^; ; "Publication" . ; .