RT Journal Article
T1 Monetary policy rules: an approach based on the theory of chaos control
A1 Chaparro Guevara, Graciela
A1 Escot Mangas, Lorenzo
AB 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.
PB Elsevier
SN 2666-7207
YR 2022
FD 2022
LK https://hdl.handle.net/20.500.14352/72437
UL https://hdl.handle.net/20.500.14352/72437
LA eng
DS Docta Complutense
RD 17 abr 2025