摘要
Chaos theory is used to prove that erratic and chaotic fluctuations can indeed arise in completely deterministic models. Chaos theory reveals structure in aperiodic, dynamic systems. A number of non-linear business cycle models use chaos theory to explain complex motion of the economy. Chaotic systems exhibit a sensitive dependence on initial conditions： Seemingly insignificant changes in the initial conditions produce large differences in outcomes. The basic aim of this analysis is to provide a relatively simple chaotic real-exchange-rate growth model that is capable of generating stable equilibria, cycles, or chaos.
