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

Yıl 2016, Cilt: 1 Sayı: 1, 1 - 13, 04.01.2016

Mustafa Bayram , Anil Burcu Ozyurt Serim

Öz

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.

Anahtar Kelimeler

Bifurcation Hopf bifurcation new-Keynesian macroeconometrics stability.

Kaynakça

  • 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.

Yıl 2016, Cilt: 1 Sayı: 1, 1 - 13, 04.01.2016

Mustafa Bayram , Anil Burcu Ozyurt Serim

Öz

Kaynakça

  • 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.
Toplam 3 adet kaynakça vardır.

Ayrıntılar

Konular Matematik
Bölüm Mathematics, Engineering and statistics
Yazarlar

Mustafa Bayram

Anil Burcu Ozyurt Serim Bu kişi benim

Yayımlanma Tarihi 4 Ocak 2016
Yayımlandığı Sayı Yıl 2016 Cilt: 1 Sayı: 1

Kaynak Göster

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. Ocak 2016;1(1):1-13.
Chicago Bayram, Mustafa, ve Anil Burcu Ozyurt Serim. “Bifurcation Theory of Flexible Exchange Rates in the New Keynesian Model: An Application”. Communication in Mathematical Modeling and Applications 1, sy. 1 (Ocak 2016): 1-13.
EndNote Bayram M, Ozyurt Serim AB (01 Ocak 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 ve A. B. Ozyurt Serim, “Bifurcation theory of flexible exchange rates in the new Keynesian model: An Application”, CMMA, c. 1, sy. 1, ss. 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 (Ocak 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 ve Anil Burcu Ozyurt Serim. “Bifurcation Theory of Flexible Exchange Rates in the New Keynesian Model: An Application”. Communication in Mathematical Modeling and Applications, c. 1, sy. 1, 2016, ss. 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.