Interest rate rules, endogenous cycles, and chaotic dynamics in open economies

DOI10.1016/J.JEDC.2012.06.003MaRDI QIDQ311004zbMATH OpenOpenAlexFDO

Authors Marco Airaudo, Luis-Felipe Zanna

Publication date 28 September 2016

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://www.carloalberto.org/assets/working-papers/no.171.pdf

zbMATH Keywords

chaos and endogenous fluctuationsinterest rate rulesmultiple equilibriasmall open economyTaylor rules

Mathematics Subject Classification ID

Economic dynamics (91B55) Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

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Cites work

• A positive Lyapunov exponent in Swedish exchange rates?
• Does it matter (for equilibrium determinacy) what price index the central bank targets?
• Does trade openness matter for aggregate instability?
• E\&F Chaos: A user friendly software package for nonlinear economic dynamics
• scientific article; zbMATH DE number 789394 (Why is no real title available?)
• Indeterminacy in a small open economy Ramsey growth model
• Indeterminacy in a small open economy with endogenous labor supply
• Interest rate rules, endogenous cycles, and chaotic dynamics in open economies
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• The perils of Taylor rules
• The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations

Cited in

(7)

• Currency substitution, risk premia and the Taylor principle
• Shilnikov chaos, low interest rates, and New Keynesian macroeconomics
• Complex stock price dynamics under Max Weber's spirit of capitalism hypothesis
• Liquidity trap and stability of Taylor rules
• Interest rate rules, endogenous cycles, and chaotic dynamics in open economies
• The perils of Taylor rules
• Does trade openness matter for aggregate instability?

Describes a project that uses

Uses Software

• E&F Chaos

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