An Alternative Visualization of Business Cycles in Chaos
International Journal of Economic Research (IJER), Vol. 7, No. 1, 2010.
Posted: 24 Sep 2009 Last revised: 30 Dec 2009
There are 2 versions of this paper
An Alternative Visualization of Business Cycles in Chaos
Date Written: September 24, 2009
Abstract
This paper suggests the application of multi-dimensional graphs in the study of business cycles in the context of chaos theory. The alternative multidimensional graphic method used is known as the Kite-Cartesian space (Ruiz, 2006). The Kite-Cartesian space is an alternative analytical tool for observing changes in the behavior of business cycles from a multidimensional perspective. We apply the Kite-Cartesian analysis to assess U.S. business cycles from 1940 to 2005 by trimester. The Kite-Cartesian approach provides optical 'snapshots' of the national income make-up at any one point in time, thus revolutionizing existing methods of visualization.
Keywords: Econographicology, Macroeconomics, Economic Modeling
JEL Classification: C40
Suggested Citation: Suggested Citation
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