Money and Inflation in a Nonlinear Model

D. George, L. T. Oxley

Research output: Contribution to journalArticlepeer-review

Abstract / Description of output

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 languageEnglish
JournalMathematics and Computers in Simulation
Volume78
Issue numberIssues 2–3
DOIs
Publication statusPublished - 2008

Keywords / Materials (for Non-textual outputs)

  • Money
  • Inflation
  • Nonlinearity

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