Testing for deterministic monetary chaos: Metric and topological diagnostics

John T. Barkoulas

doi:10.1016/j.chaos.2007.01.065

Testing for deterministic monetary chaos: Metric and topological diagnostics

John T. Barkoulas

Finance

Georgia Southern University

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

16 Scopus citations

Abstract

The evidence of deterministic chaos in monetary aggregates tends to be contradictory in the literature. We revisit the issue of monetary chaos by applying tools based on both the metric (correlation dimension and Lyapunov exponents) and topological (recurrence plots) approaches to chaos. For simple-sum and divisia monetary aggregates over an expanded sample period, the empirical evidence from both approaches is negative for monetary chaotic dynamics.

Original language	English
Pages (from-to)	1013-1024
Number of pages	12
Journal	Chaos, Solitons and Fractals
Volume	38
Issue number	4
DOIs	https://doi.org/10.1016/j.chaos.2007.01.065
State	Published - Nov 2008

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10.1016/j.chaos.2007.01.065

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Testing for deterministic monetary chaos: Metric and topological diagnostics

Abstract

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