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Complex dynamics in a simple macro disequilibrium model

โœ Scribed by Akio Matsumoto


Book ID
116105857
Publisher
Elsevier Science
Year
1994
Tongue
English
Weight
995 KB
Volume
24
Category
Article
ISSN
0167-2681

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Nonlinear Phillips curves, complex dynam
โœ Carl Chiarella; Peter Flaschel; Gang Gong; Willi Semmler ๐Ÿ“‚ Article ๐Ÿ“… 2003 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 540 KB

In the framework of a Keynesian monetary macro model we study implications of kinked Phillips curves and alternative monetary policy rules. As alternative monetary policy rules we consider monetary growth targeting and interest rate targeting (the Taylor rule). Our monetary macro model exhibits: ass