Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86218
Authors: 
Hommes, Cars
Manzan, Sebastiano
Year of Publication: 
2006
Series/Report no.: 
Tinbergen Institute Discussion Paper 06-030/1
Abstract: 
This short paper is a comment on ``Testing for Nonlinear Structure and Chaos in Economic Time Series'' by Catherine Kyrtsou and Apostolos Serletis. We summarize their main results and discuss some of their conclusions concerning the role of outliers and noisy chaos. In particular, we include some new simulations to investigate whether economic time series may be characterized by low dimensional noisy chaos.
Subjects: 
nonlinearity
chaos
noise
self-organized criticality
Mackey-Glass-GARCH
JEL: 
C22
C45
C61
Document Type: 
Working Paper

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