Numerical Exploration of Kaldorian Macrodynamics: Enhanced Stability and Predominance of Period Doubling and Chaos with Flexible Exchange Rates

Figure 6.5

Left: development of cycles for 𝑍=50,𝛽=5,0.37≤𝛼≤0.56. Right: chaotic attractor for 𝑍=50,𝛽=5,𝛼=0.8. Projection in the (𝐾,𝐸) plane.

(a)

(b)