Research Article
BibTex RIS Cite

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

Year 2016, Volume: 1 Issue: 1, 1 - 13, 04.01.2016

Mustafa Bayram Anil Burcu Ozyurt Serim

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

Bifurcation Hopf bifurcation new-Keynesian macroeconometrics stability.

References

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

Year 2016, Volume: 1 Issue: 1, 1 - 13, 04.01.2016

Mustafa Bayram Anil Burcu Ozyurt Serim

Abstract

References

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

Details

Subjects Mathematical Sciences
Journal Section Mathematics, Engineering and statistics
Authors

Mustafa Bayram

Anil Burcu Ozyurt Serim This is me

Publication Date January 4, 2016
Published in Issue Year 2016 Volume: 1 Issue: 1

Cite

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.
AMA Bayram M, Ozyurt Serim AB. Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application. CMMA. January 2016;1(1):1-13.
Chicago 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 1, no. 1 (January 2016): 1-13.
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 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, 2016.
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 2016), 1-13.
JAMA 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, 2016, pp. 1-13.
Vancouver Bayram M, Ozyurt Serim AB. Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application. CMMA. 2016;1(1):1-13.