Economic Complexity Book

Editor's introduction;

Part I. Sunspot Equilibria:

1. Sunspot equilibrium in an overlapping-generations economy with an idealized contingent-commodites market David Cass and Karl Shell;
2. On stationary sunspot equilibria of order K Pierre-André Chiappori and Roger Guesnerie;
3. Local bifurcations and stationary sunspots Jean-Michel Grandmont;
4. On the nonequivalence of the Arrow-securities game and the contingent-commodities game James Peck and Karl Shell;

Part II. Bubbles, Instability, and Hyperinflation:
5. Endogenous financial-production cycles in a macroeconomic model Duncan K. Foley;
6. Speculative bubbles and exchange of information on the market of a storable good L. Broze, C. Gourieroux and A. Szafarz;
7. Least-squares learning and the dynamics of hyperinflation Albert Marcet and Thomas J. Sargent;

Part III. Empirical Tests for Chaos:
8. A comparison between the conventional economic approach to structural inference and the nonparametric chaotic attractor approach William A. Barnett and Seungmook S. Choi;
9. Nonlinear dynamics and GNP data José A. Scheinkman and Blake LeBaron;

Part IV. Chaos and Informational Complexity in Economic Theory:
10. Paths of optimal accumulation in two-sector models Michele Boldrin;
11. Economic growth in the very long run: on the multiple-phase interaction of population, technology, and social infrastructure Richard H. Day and Jean-Luc Walter;
12. When are small frictions negligible? Stephen E. Spear;
13. Imperfect financial intermediation and complex dynamics Michael Woodford;

Part V. Nonlinear Economic Modeling:
14. Modeling with normalpolynominal expansions John Geweke;
15. Hysteresis and the evolution of postwar US and UK unemployment James H. Stock;
16. Evidence of nonlinearity in the trade-by-trade stock market return generating process Melvin J. Hinich and Douglas M. Patterson.