Barnett, William A.; Eryilmaz, Unal - Volkswirtschaftliche Fakultät, … - 2012
We explore bifurcation phenomena in the open-economy New Keynesian model developed by Clarida, Gali and Gertler (2002 … 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 …