Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case)
The main objectives of this research are to analyze the trends of expectations condition within Malaysian economic system and investigate the existence of Hopf bifurcation in the economic dynamical system’s policy in order to examine the existence of periodic solutions. The study uses two types of m...
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Online Access: | http://dx.doi.org/10.1080/23322039.2017.1327184 |
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doaj-b5a24d5ac139438ea8ac4ff38f4082052021-02-18T13:53:23ZengTaylor & Francis GroupCogent Economics & Finance2332-20392017-01-015110.1080/23322039.2017.13271841327184Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case)Mohd Naim Bin Mohd Johari0Adem Kilicman1College of Science, International Islamic University of MalaysiaUniversity Putra MalaysiaThe main objectives of this research are to analyze the trends of expectations condition within Malaysian economic system and investigate the existence of Hopf bifurcation in the economic dynamical system’s policy in order to examine the existence of periodic solutions. The study uses two types of monetary policy rules which are namely: Taylor rule and inflation targeting rule. The results reveal that the patterns of expectations condition for Malaysia economic system from 2004 until 2014 are quite similar except for exchange rate case. Furthermore, it shows that Hopf bifurcation occurs within the policy’s variables in both forms of rules in Malaysian open economic system.http://dx.doi.org/10.1080/23322039.2017.1327184hopf bifurcationtaylor ruleinflation targeting rulemalaysian economic system |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Mohd Naim Bin Mohd Johari Adem Kilicman |
spellingShingle |
Mohd Naim Bin Mohd Johari Adem Kilicman Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case) Cogent Economics & Finance hopf bifurcation taylor rule inflation targeting rule malaysian economic system |
author_facet |
Mohd Naim Bin Mohd Johari Adem Kilicman |
author_sort |
Mohd Naim Bin Mohd Johari |
title |
Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case) |
title_short |
Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case) |
title_full |
Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case) |
title_fullStr |
Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case) |
title_full_unstemmed |
Hopf bifurcation in an open monetary economic system: Taylor vs. inflation targeting rules (Malaysian case) |
title_sort |
hopf bifurcation in an open monetary economic system: taylor vs. inflation targeting rules (malaysian case) |
publisher |
Taylor & Francis Group |
series |
Cogent Economics & Finance |
issn |
2332-2039 |
publishDate |
2017-01-01 |
description |
The main objectives of this research are to analyze the trends of expectations condition within Malaysian economic system and investigate the existence of Hopf bifurcation in the economic dynamical system’s policy in order to examine the existence of periodic solutions. The study uses two types of monetary policy rules which are namely: Taylor rule and inflation targeting rule. The results reveal that the patterns of expectations condition for Malaysia economic system from 2004 until 2014 are quite similar except for exchange rate case. Furthermore, it shows that Hopf bifurcation occurs within the policy’s variables in both forms of rules in Malaysian open economic system. |
topic |
hopf bifurcation taylor rule inflation targeting rule malaysian economic system |
url |
http://dx.doi.org/10.1080/23322039.2017.1327184 |
work_keys_str_mv |
AT mohdnaimbinmohdjohari hopfbifurcationinanopenmonetaryeconomicsystemtaylorvsinflationtargetingrulesmalaysiancase AT ademkilicman hopfbifurcationinanopenmonetaryeconomicsystemtaylorvsinflationtargetingrulesmalaysiancase |
_version_ |
1724262900512587776 |