Monetary policy rules: an approach based on the theory of chaos control
| dc.contributor.author | Chaparro Guevara, Graciela | |
| dc.contributor.author | Escot Mangas, Lorenzo | |
| dc.date.accessioned | 2023-06-22T12:26:22Z | |
| dc.date.available | 2023-06-22T12:26:22Z | |
| dc.date.issued | 2022 | |
| dc.description.abstract | This article explores the relationship between Taylor rules for monetary policy and those derived from chaos control methods. A similar structure of both rule types would theoretically support the stabilizing role of the Taylor rule for the control of inflation, which until now has been based on an empirical framework. This link between monetary policy and chaos control rules is illustrated using the OGY method of chaos control, resulting in a control rule that is applied to a monetary model that presents chaotic solutions and becomes stable at an objective equilibrium point with a stable inflation rate. | |
| dc.description.department | Unidad Docente de Economía Aplicada, Estructura e Historia | |
| dc.description.faculty | Fac. de Estudios Estadísticos | |
| dc.description.refereed | TRUE | |
| dc.description.status | pub | |
| dc.eprint.id | https://eprints.ucm.es/id/eprint/67632 | |
| dc.identifier.doi | 10.1016/j.rico.2021.100038 | |
| dc.identifier.issn | 2666-7207 | |
| dc.identifier.officialurl | https://doi.org/10.1016/j.rico.2021.100038 | |
| dc.identifier.relatedurl | https://www.journals.elsevier.com/results-in-control-and-optimization | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14352/72437 | |
| dc.journal.title | Results in control and optimization | |
| dc.language.iso | eng | |
| dc.publisher | Elsevier | |
| dc.rights | Atribución 3.0 España | |
| dc.rights.accessRights | open access | |
| dc.rights.uri | https://creativecommons.org/licenses/by/3.0/es/ | |
| dc.subject.cdu | 338.23:336.74 | |
| dc.subject.cdu | 336.74:338.23 | |
| dc.subject.keyword | Stabilization | |
| dc.subject.keyword | Chaos control | |
| dc.subject.keyword | OGY method | |
| dc.subject.keyword | Monetary policy | |
| dc.subject.keyword | Taylor rule | |
| dc.subject.keyword | Política monetaria | |
| dc.subject.ucm | Estadística | |
| dc.subject.unesco | 1209 Estadística | |
| dc.title | Monetary policy rules: an approach based on the theory of chaos control | |
| dc.type | journal article | |
| dc.volume.number | 4 | |
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