successful bifurcation selection is challenging. As an experiment to investigate this point of view, we use the continuous time … intended to produce the least difficult bifurcation selection, we explore the problem of selecting a successful bifurcation … that policies that would produce successful bifurcation to stability are very complicated. We also find that less …

¡¯s findings are particularly important, if bifurcation boundaries cross the confidence regions surrounding parameter estimates in … policy-relevant bifurcation by searching the parameter space of the best known of the Euler equations macroeconometric models … in some circles has moved to New Keynesian models. As a result, in this paper we explore bifurcation within the class of …

) indicate the possible existence of Hopf bifurcation within the parameter space of recent New Keynesian models. Lucas … parameters, which are invariant to policy rule changes. Hence, we continue the investigation of policy-relevant bifurcation by … and Sims (1994) model. We find the existence of singularity bifurcation boundaries within the parameter space. Although …

location of the bifurcation boundaries is of fundamental importance. Without knowledge of the location of such boundaries … such boundaries. If there are intersections between bifurcation boundaries and a confidence region, the resulting … structure. In initial research in this area, Barnett and Duzhak (2008) found a New Keynesian Hopf bifurcation boundary, with the …

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 …

In a recent paper, we studied bifurcation phenomena in continuous time macroeconometric models. The objective was to … did not investigate the dynamical properties on the bifurcation boundaries; and we did not investigate the relevancy of … stabilization policy rules. In this paper, we further examine the stability properties and bifurcation boundaries of the UK …

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 …. Bifurcation boundaries can separate one kind of unstable dynamics domain from another kind of unstable dynamics domain, or one …

. We examine the stability properties of both versions of the model and locate Hopf and transcritical bifurcation … boundaries. In an extended analysis, we investigate the existence of Andronov-Hopf bifurcation, branch point bifurcation, limit … point cycle bifurcation, and period doubling bifurcations. While these all are local bifurcations, the presence of global …