Investigating the Existence of Chaos in Inflation Data in relation to Chaotic Foreign Exchange Rate

Table 2

Calculation of largest Lyapunov exponent (LLE) using TSTOOL in MATLAB.

Country	Original data	Surrogate set 1	% change in surrogate over original	Surrogate set 2	% change in surrogate over original	Surrogate set 3	% change in surrogate over original
Inflation (monthly data, January 2000 to September 2013)
France	1.8	2.1	16.67	1.9	5.56	2.2	22.22
Germany	1.7	2.1	23.53	1.9	11.76	2	17.65
Greece	1.7	2.2	29.41	1.7	0.00	2.2	29.41
Italy	1.2	1.9	58.33	1.6	33.33	1.7	41.67
Spain	1.7	1.8	5.88	1.7	0.00	1.9	11.76
UK	1.3	1.9	46.15	1.5	15.38	1.4	7.69
Sri Lanka	0.6	0.8	33.33	0.4	−33.33	0.85	41.67
India	1.1	1.4	27.27	1.3	18.18	1.5	36.36
Singapore	0.7	1.2	71.43	1.2	71.43	0.8	14.29
Foreign exchange rate (daily data, January 2000 to October 2013)
EU	3.8	4.2	10.53	4.1	7.89	3.9	2.63
Australia	3.1	3.4	9.68	3.5	12.90	3.6	16.13
India	2.4	3.3	37.50	4.2	75.00	3.8	58.33
Singapore	2.3	3.5	52.17	3.4	47.83	3.3	43.48
Malaysia	2.7	3.1	14.81	3.6	33.33	3.5	29.63
Sri Lanka	1.6	3.3	106.25	3.8	137.50	4	150.00