Citation
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
Abstract
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.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Science |
| DOI Number: | https://doi.org/10.1016/j.chaos.2014.01.003 |
| Publisher: | Elsevier |
| Keywords: | Hopf bifurcation; Economic system; Policy; Taylor rule; Inflation targeting rule |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 25 Sep 2015 00:23 |
| Last Modified: | 06 Oct 2015 03:50 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1016/j.chaos.2014.01.003 |
| URI: | http://psasir.upm.edu.my/id/eprint/37880 |
| Statistic Details: | View Download Statistic |
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