Money and Inflation in a Nonlinear Model

D. George; L. T. Oxley

doi:10.1016/j.matcom.2008.01.032

Money and Inflation in a Nonlinear Model

D. George, L. T. Oxley

School of Economics

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Journal	Mathematics and Computers in Simulation
Volume	78
Issue number	Issues 2–3
DOIs	https://doi.org/10.1016/j.matcom.2008.01.032
Publication status	Published - 2008

Keywords / Materials (for Non-textual outputs)

Money
Inflation
Nonlinearity

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10.1016/j.matcom.2008.01.032

GEORGE Money and Inflation in a nonlinear model
© George, D., & Oxley, L. T. (2008). Money and Inflation in a Nonlinear Model. Mathematics and Computers in Simulation, 78(Issues 2–3). 10.1016/j.matcom.2008.01.032
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AB - 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.

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JO - Mathematics and Computers in Simulation

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Money and Inflation in a Nonlinear Model

Abstract

Keywords / Materials (for Non-textual outputs)

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Money and inflation in a nonlinear model

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