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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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Main Authors: Mohseni, Reza Moosavi, Kilicman, Adem
Format: Article
Language:English
Published: Elsevier 2014
Online Access: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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spelling 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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description 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.
format Article
author Mohseni, Reza Moosavi
Kilicman, Adem
spellingShingle 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
author_sort 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
url 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
_version_ 1643832086849650688
score 13.214268

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