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

Figure 7.1

Stability region in the (𝛽,𝛾) plane for 𝑍=238, and 𝛼=0.05,0.1,0.5,1,1.5,2.2, from left to right and top to bottom (note the different scales).

(a)

(b)

(c)

(d)

(e)

(f)