We provide an analytical approach that facilitates understanding the bifurcation mechanism of a wide class of economic … models involving spatial agglomeration of economic activities. The proposed method overcomes the limitations of the Turing … (1952) approach that has been used to analyze the emergence of agglomeration in the multi-regional core-periphery (CP) model …

We study multiregional extension of Krugman's Core-Periphery model. Comprehensive characterization of agglomeration … stability is obtained in terms of the basic parameters of model. In particular, conditions of uniqueness of the stable total …

We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We … behaviors and policy responses. Introducing parameters related to the open economy structure affects the values of bifurcation … parameters and changes the location of bifurcation boundaries. As a result, the stratification of the confidence region, as …

We explore bifurcation phenomena in the open-economy New Keynesian model developed by Clarida, Gali and Gertler (2002 … behaviors and policy responses. Introducing parameters related to the open economy structure affects the values of bifurcation … parameters and changes the location of bifurcation boundaries. As a result, the stratification of the confidence region, as …

competition between two species. First, changes in the number and/or the stability of the stationary states are analysed …

kind of stable dynamics domain from another kind (called soft bifurcation), such as bifurcation from monotonic stability to … parameter space. We derive the long run growth rate of the economy and do a detailed bifurcation analysis of the equilibrium. We … important to recognize that bifurcation boundaries do not necessarily separate stable from unstable solution domains …

We explore bifurcation phenomena in the open-economy New Keynesian model developed by Clarida, Gali and Gertler (2002 … behaviors and policy responses. Introducing parameters related to the open economy structure affects the values of bifurcation … parameters and changes the location of bifurcation boundaries. As a result, the stratification of the confidence region, as …

We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We … behaviors and policy responses. Introducing parameters related to the open economy structure affects the values of bifurcation … parameters and changes the location of bifurcation boundaries. As a result, the stratification of the confidence region, as …

sufficient conditions for uniqueness and stability of equilibria in this class of models. To illustrate the applicability of our … analysis provides a first proof of uniqueness and stability of the equilibrium in multi-country trade models featuring (i … practical toolkit for future research on how our theorem can be applied to establish uniqueness and stability of equilibria in a …

, irrespective of the underlying agglomeration mechanism assumed (factor migration, input-output linkages, endogenous capital … manufacturing sector is clustered in a single location; we refer to such a steady states as 'agglomeration'. I establish that both … agglomeration and dispersion are stable steady state for some economically meaningful parameter values of the model. This paper also …