| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5054827 | Economic Modelling | 2013 | 4 Pages |
Abstract
⺠We investigate Hopf bifurcation in an open-economy New Keynesian model. ⺠We use a model from Walsh (2003) which is based on CGG (2001, 2002). ⺠Open economy parameters affect the value and boundary of bifurcation parameter. ⺠Stratification of the confidence region is a key monetary policy risk. ⺠Our results are consistent with prior results from other New Keynesian models.
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Authors
William A. Barnett, Unal Eryilmaz,