IS THERE CHAOS IN INFLATION IN CHINA ?
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 1
Abstract
Inflation is a permanent topic in macroeconomic field and an important issue related to social and political stability. Managing inflation expectations and easing inflationary pressures is also an important problem that macro-economy suffering in China recent years. Therefore, it is more critical to explore the internal operation mechanism of inflation to forecast and control it in essence. Thus, based on system science finance theory, we use methods of correlation dimension and largest lyapunov exponent to examine the chaotic characteristic of inflation in China. The results show that the inflation system in China is chaotic, there are about two factors determining its operation, which reflects the complex operation mechanism of price in commodity markets, the predictable time of inflation fluctuation tendency is approximately 11.29 months.
Authors and Affiliations
Chao Liu, Junhui Xu, Yujie Ma
Keywords
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- EP ID EP412942
- DOI 10.26480/icemi.01.2017.226.228
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