Money and inflation in a nonlinear model
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Authors
George, D.
Oxley, Leslie
Date
2008Type
Journal Article
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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
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School
School of Economics and Finance
Collection
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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