Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules
The main aim of the present work is to detect the Hopf bifurcation in policy relevant economic dynamical system. The study employs two deferent forms of monetary policy rules namely: Taylor rule and inflation targeting rule. The results show that there exists Hopf bifurcation between policy relevant...
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my.upm.eprints.378802015-10-06T03:50:36Z http://psasir.upm.edu.my/id/eprint/37880/ Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules Mohseni, Reza Moosavi Kilicman, Adem The main aim of the present work is to detect the Hopf bifurcation in policy relevant economic dynamical system. The study employs two deferent forms of monetary policy rules namely: Taylor rule and inflation targeting rule. The results show that there exists Hopf bifurcation between policy relevant variables in both types of rules in our open economic system. Elsevier 2014-04 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/37880/1/Hopf%20bifurcation%20in%20an%20open%20monetary%20economic%20system.pdf Mohseni, Reza Moosavi and Kilicman, Adem (2014) Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules. Chaos, Solitons & Fractals, 61. pp. 8-12. ISSN 0960-0779; ESSN: 1873-2887 http://www.sciencedirect.com/science/article/pii/S0960077914000058 10.1016/j.chaos.2014.01.003 |
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The main aim of the present work is to detect the Hopf bifurcation in policy relevant economic dynamical system. The study employs two deferent forms of monetary policy rules namely: Taylor rule and inflation targeting rule. The results show that there exists Hopf bifurcation between policy relevant variables in both types of rules in our open economic system. |
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Article |
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Mohseni, Reza Moosavi Kilicman, Adem |
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Mohseni, Reza Moosavi Kilicman, Adem Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules |
author_facet |
Mohseni, Reza Moosavi Kilicman, Adem |
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Mohseni, Reza Moosavi |
title |
Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules |
title_short |
Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules |
title_full |
Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules |
title_fullStr |
Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules |
title_full_unstemmed |
Hopf bifurcation in an open monetary economic system: Taylor versus inflation targeting rules |
title_sort |
hopf bifurcation in an open monetary economic system: taylor versus inflation targeting rules |
publisher |
Elsevier |
publishDate |
2014 |
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http://psasir.upm.edu.my/id/eprint/37880/1/Hopf%20bifurcation%20in%20an%20open%20monetary%20economic%20system.pdf http://psasir.upm.edu.my/id/eprint/37880/ http://www.sciencedirect.com/science/article/pii/S0960077914000058 |
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