How to Cite
Chaparro Guevara, G., & Escot Mangas, L. (2015). Control of chaotic dynamical systems in economics : application in a hyperinflation model. Revista Finanzas Y Política Económica, 7(1), 131–146. https://doi.org/10.14718/revfinanzpolitecon.2015.7.1.7
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Abstract

This article examines control of chaotic behavior in a dynamic hyperinflation system using a method proposed by Ott, Grebogi, and Yorke (1990) (OGY method), which seeks to control the chaotic dynamic by slightly perturbing some of the system?s parameters. An example of the method is given through logistic application, and it is subsequently applied in a hyperinflation model (Punita, 2011) to stabilize prices in a stationary one-period orbit.

Keywords:

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