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Category Archives: Stability
An analytical and numerical search for bifurcations in open economy New Keynesian models
by William Barnet and Eryilmaz Unal MPRA Paper no.40426, August 2012 We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We find that the open economy framework brings about more complex dynamics, along … Continue reading
Posted in Macroeconomics, Open Economy, Stability
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Stability and Policy Rules in Emerging Markets
by Ashima Goyal and Shruti Tripathi IGIDR WP-2012-004, January 2012 Stability results for an open economy DSGE adapted to an emerging market (SOEME) with a dualistic structure have the same structure as in the original model, but those derived for … Continue reading
Posted in Emerging Economies, Stability
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