Barnett, William A.; Eryilmaz, Unal - In: Economic Modelling 31 (2013) C, pp. 401-404
We explore bifurcation phenomena in the open-economy New Keynesian CGG Model based on Clarida et al. (2001, 2002). We find that the open economy framework can bring about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters...
