The Tobin tax in a continuous-time non-linear dynamic model of the exchange rate

被引：0
|
作者：
Gandolfo, Giancarlo [1 ,2 ]
机构：
[1] Accademia Nazl Lincei, Rome, Italy
[2] CESifo, Munich, Germany
来源：
CAMBRIDGE JOURNAL OF ECONOMICS | 2015年 / 39卷 / 06期
关键词：
Tobin tax; Exchange rate; Chaos; Continuous-time non-linear dynamics; EURO/DOLLAR;
D O I：
10.1093/cje/bev054
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Starting from a new continuous-time non-linear dynamic model of the exchange rate, we formally show that the introduction of a Tobin tax reduces speculators' profit and influences the dynamics of the system, making it more stable and less prone to chaotic motion.
引用
收藏
页码：1629 / 1643
页数：15
相关论文
共 50 条
  • [41] THE ANALYSIS OF THE DYNAMIC RELATIONSHIPS BETWEEN REAL EXCHANGE RATES AND MACROECONOMIC VARIABLES IN SELECTED COUNTRIES WITH TARGETED INFLATION: EVIDENCE FROM LINEAR AND NON-LINEAR ARDL MODELS
    Dukic, Dorde
    Ozer, Mustafa
    Dukic, Malisa
    ROMANIAN JOURNAL OF ECONOMIC FORECASTING, 2023, 26 (02): : 104 - 124
  • [42] Effect of Spark Condition on Non-Linear Dynamic Characteristics of Natural Gas Engine
    Wang Li-yuan
    Yang Li-ping
    Jing Hai-guo
    Hayat, Qaisar
    Liu Guo-dong
    AASRI CONFERENCE ON COMPUTATIONAL INTELLIGENCE AND BIOINFORMATICS, 2012, 1 : 150 - 155
  • [43] SYNCHRONIZATION OF NON-LINEAR DYNAMIC SYSTEMS UNDER THE CONDITIONS OF NOISE ACTION IN THE CHANNEL
    Golevych, O.
    Pyvovar, O.
    Dumenko, P.
    LATVIAN JOURNAL OF PHYSICS AND TECHNICAL SCIENCES, 2018, 55 (03) : 70 - 76
  • [44] Predictability analysis of SO2 time series by linear and non-linear forecasting approaches
    Lapenna, V
    Macchiato, M
    Cosmi, C
    Ragosta, M
    Serio, C
    ENVIRONMETRICS, 1996, 7 (05) : 525 - 535
  • [45] Non-linear dynamic analysis of hemodynamic behavior during virtual reality immersion
    Yambe, T
    Yoshizawa, M
    Tanaka, A
    Abe, K
    Tabayashi, K
    Nitta, S
    BIOMEDICINE & PHARMACOTHERAPY, 2002, 56 : 367S - 369S
  • [46] Multiple Equilibria and Endogenous Cycles in a Non-Linear Harrodian Growth Model
    Commendatore, Pasquale
    Michetti, Elisabetta
    Pinto, Antonio
    CHAOTIC SYSTEMS: THEORY AND APPLICATIONS, 2010, : 59 - +
  • [47] Unravelling the nexus between energy prices and exchange rate in Malaysia: Fresh insights from a non-linear perspective using threshold cointegration analysis
    Butt, Shamaila
    Ramzan, Muhammad
    Wong, Wing-Keung
    Chohan, Muhammad Ali
    Bazhair, Ayman Hassan
    HELIYON, 2024, 10 (05)
  • [48] Dynamic forecasting of sticky-price monetary exchange rate model
    Jae-Kwang Hwang
    Atlantic Economic Journal, 2003, 31 (1) : 103 - 114
  • [49] Non-linear analyses of heart rate variability during heavy exercise and recovery in cyclists
    Castles, J. -F.
    Mottet, D.
    Le Gallais, D.
    INTERNATIONAL JOURNAL OF SPORTS MEDICINE, 2006, 27 (10) : 780 - 785
  • [50] NON-LINEAR INTEREST RATE DYNAMICS AND FORECASTING: EVIDENCE FOR US AND AUSTRALIAN INTEREST RATES
    Mcmillan, David G.
    INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 2009, 14 (02) : 139 - 155
12345