Research Article

Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application

Volume: 1 Number: 1 January 4, 2016
Communication in Mathematical Modeling and Applications Cover
Communication in Mathematical Modeling and Applications
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Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application

Abstract

Formerly, the fixed exchange rate was identified as the main policy in economy, but in time it has been proved that the applicability of this policy in economy is not possible. With the new Keynesian approach, this situation has led to the formation  and development of new monetary policies. The Keynesian model monetary policy in this article has been based on the flexible exchange rate. By applying the bifurcation theory on monetary policy parameters the interrelations among the inflation target value, the output gap and the equilibrium real interest rate were examined.

Keywords

References

  1. Allen L.J.S., An Introduction to Mathematical Biology, 2007.
  2. Asada, T., 2006. Stabilization policy in a Keynes-Goodwin model with debt accumulation. Structural Change and Economic Dynamics 17, 466-485.
  3. Barnett, W.A., He, Y., 1999.Stability analysis of continuous time macroeconometricsystems. Studies in Nonlinear Dynamics and Econometrics 3 (4), 169-188.

Details

Primary Language

English

Subjects

Mathematical Sciences

Journal Section

Research Article

Authors

Anil Burcu Ozyurt Serim This is me

Publication Date

January 4, 2016

Submission Date

February 13, 2017

Acceptance Date

December 28, 2015

Published in Issue

Year 2016 Volume: 1 Number: 1

IZ

https://izlik.org/JA26BD96YW

Cite

RIS / Bibtex
APA
Bayram, M., & Ozyurt Serim, A. B. (2016). Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application. Communication in Mathematical Modeling and Applications, 1(1), 1-13. https://izlik.org/JA26BD96YW
AMA
1.Bayram M, Ozyurt Serim AB. Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application. CMMA. 2016;1(1):1-13. https://izlik.org/JA26BD96YW
Chicago
Bayram, Mustafa, and Anil Burcu Ozyurt Serim. 2016. “Bifurcation Theory of Flexible Exchange Rates in the New Keynesian Model: An Application”. Communication in Mathematical Modeling and Applications 1 (1): 1-13. https://izlik.org/JA26BD96YW.
EndNote
Bayram M, Ozyurt Serim AB (January 1, 2016) Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application. Communication in Mathematical Modeling and Applications 1 1 1–13.
IEEE
[1]M. Bayram and A. B. Ozyurt Serim, “Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application”, CMMA, vol. 1, no. 1, pp. 1–13, Jan. 2016, [Online]. Available: https://izlik.org/JA26BD96YW
ISNAD
Bayram, Mustafa - Ozyurt Serim, Anil Burcu. “Bifurcation Theory of Flexible Exchange Rates in the New Keynesian Model: An Application”. Communication in Mathematical Modeling and Applications 1/1 (January 1, 2016): 1-13. https://izlik.org/JA26BD96YW.
JAMA
1.Bayram M, Ozyurt Serim AB. Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application. CMMA. 2016;1:1–13.
MLA
Bayram, Mustafa, and Anil Burcu Ozyurt Serim. “Bifurcation Theory of Flexible Exchange Rates in the New Keynesian Model: An Application”. Communication in Mathematical Modeling and Applications, vol. 1, no. 1, Jan. 2016, pp. 1-13, https://izlik.org/JA26BD96YW.
Vancouver
1.Mustafa Bayram, Anil Burcu Ozyurt Serim. Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application. CMMA [Internet]. 2016 Jan. 1;1(1):1-13. Available from: https://izlik.org/JA26BD96YW