Arbeitspapier
Endogenous Growth, Monetary Shocks and Nominal Rigidities
We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth depends on the persistence of the nominal shocks and on the Taylor rule considered; (iii) a Taylor rule with smoothing increases the negative effect of nominal volatility on mean growth.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni di Dipartimento ; No. 120
Klassifikation
Wirtschaft
Business Fluctuations; Cycles
Monetary Policy
Monetary Growth Models
Business Fluctuations; Cycles
Monetary Policy
Monetary Growth Models
Thema
Growth
volatility
business cycle
monetary policy
volatility
business cycle
monetary policy
Ereignis
Geistige Schöpfung
(wer)
Annicchiarico, Barbara
Pelloni, Alessandra
Rossi, Lorenza
Pelloni, Alessandra
Rossi, Lorenza
Ereignis
Veröffentlichung
(wer)
Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
(wo)
Pavia
(wann)
2010
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Annicchiarico, Barbara
- Pelloni, Alessandra
- Rossi, Lorenza
- Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
Entstanden
- 2010
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