ARTÍCULO
TITULO

Control of Chaotic Dynamical Systems in Economics: Application in a Hyperinflation Model

Graciela Chaparro Guevara    
Lorenzo Escot Mangas    

Resumen

This article examines control of chaotic behavior in a dynamic hyperinflation system using a method proposed by Ott, Grebogi, and Yorke (1990) (OGY method), which seeks to control the chaotic dynamic by slightly perturbing some of the system?s parameters. An example of the method is given through logistic application, and it is subsequently applied in a hyperinflation model (Punita, 2011) to stabilize prices in a stationary one-period orbit.

Palabras claves

PÁGINAS
pp. 131 - 145
MATERIAS
ECONOMÍA