%0 Journal Article
	%A Reza Moosavi Mohseni and  Wenjun Zhang and  Jiling Cao
	%D 2015
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 104, 2015
	%T Chaotic Behavior in Monetary Systems: Comparison among Different Types of Taylor Rule
	%U https://publications.waset.org/pdf/10002047
	%V 104
	%X The aim of the present study is to detect the chaotic
behavior in monetary economic relevant dynamical system. The
study employs three different forms of Taylor rules: current, forward,
and backward looking. The result suggests the existence of the
chaotic behavior in all three systems. In addition, the results strongly
represent that using expectations in policy rule especially rational
expectation hypothesis can increase complexity of the system and
leads to more chaotic behavior.
	%P 2783 - 2786