This interdisciplinary book argues that the economy has an underlying non-linear structure and that business cycles are endogenous, which allows a greater expla

1. 1 Introduction In economics, one often observes time series that exhibit different patterns of qualitative behavior, both regular and irregular, symmetric an

In recent years nonlinearities have gained increasing importance in economic and econometric research, particularly after the financial crisis and the economic

The plan to publish the present book arose while I was preparing a joint work with Gunter Gabisch (Gabisch, G. /Lorenz, H. -W. : Business Cycle Theory. Berlin-H

Brock, Hsieh, and LeBaron show how the principles of chaos theory can be applied to such areas of economics and finance as the changing structure of stock retur