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    Money and inflation in a nonlinear model

    Access Status
    Fulltext not available
    Authors
    George, D.
    Oxley, Leslie
    Date
    2008
    Type
    Journal Article
    
    Metadata
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    Citation
    George, D. and Oxley, L. 2008. Money and inflation in a nonlinear model. Mathematics and Computers in Simulation. 78 (2-3): pp. 257-265.
    Source Title
    Mathematics and Computers in Simulation
    DOI
    10.1016/j.matcom.2008.01.032
    ISSN
    0378-4754
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/41474
    Collection
    • Curtin Research Publications
    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. © 2008 IMACS.

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