2026-06-27T12:22:17Zhttps://docta.ucm.es/rest/oai/requestoai:docta.ucm.es:20.500.14352/724372023-08-26T01:17:29Zcom_20.500.14352_14col_20.500.14352_15
Docta Complutense
author
Chaparro Guevara, Graciela
author
Escot Mangas, Lorenzo
2023-06-22T12:26:22Z
2023-06-22T12:26:22Z
2022
2666-7207
10.1016/j.rico.2021.100038
https://hdl.handle.net/20.500.14352/72437
https://doi.org/10.1016/j.rico.2021.100038
https://www.journals.elsevier.com/results-in-control-and-optimization
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.
eng
Atribución 3.0 España
Monetary policy rules: an approach based on the theory of chaos control
journal article
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lorenzo-escot-monetary.pdf
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