Alternative monetary policies and economic stability in a medium-term Keynesian model

Hiroki Murakami ()

Evolutionary and Institutional Economics Review, 2016, vol. 13, issue 2, No 3, 323-362

Abstract: Abstract In this paper, we present a medium-term (disequilibrium) Keynesian model, study the stabilizing effects of monetary policies by means of the supply of money and of the rate of interest, and analyze the effects of the inflation-targeting policy. Moreover, we examine the possibility of periodic orbits generated by way of Hopf bifurcations.

Keywords: Business cycles; Keynesian economics; Monetary policies; Policy instruments (search for similar items in EconPapers)
JEL-codes: E12 E42 E52 E58 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s40844-016-0045-2

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