Revisiting Paul de Grauwe's chaotic exchange rate model: new analytical insights and agent-based explorations

DOI10.1007/s11079-022-09667-5zbMath1521.91234OpenAlexW4224936694MaRDI QIDQ6049579

Frank H. Westerhoff, Sarah Mignot

Publication date: 15 September 2023

Published in: Open Economies Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11079-022-09667-5

zbMATH Keywords

agent-based modelingexchange rate dynamicsstability and bifurcation analysisforeign exchange marketschartists and fundamentalists

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Bifurcations of singular points in dynamical systems (37G10)

Cites Work

• Animal spirits in the foreign exchange market
• Animal spirits and monetary policy
• Speculative markets and the effectiveness of price limits
• Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps

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