Barnett, William; Eryilmaz, Unal - Volkswirtschaftliche Fakultät, … - 2012
We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We … previously seen in closed-economy New Keynesian models, remains an important research and policy risk to be considered in the … context of the open-economy New Keynesian functional structures. In fact, econometrics and optimal policy design become more …