Arbeitspapier
An endogenous Taylor condition in an endogenous growth monetary policy model
The paper derives a Taylor condition as part of the agentís equilibrium behavior in an endogenous growth monetary economy. It shows the assumptions necessary to make it almost identical to the original Taylor rule, and that it can interchangably take a money supply growth rate form. From the money supply form, simple policy experiments are conducted. A full central bank policy model is derived that includes the Taylor condition along with equations comparable to the standard aggregate-demand/aggregate-supply model.
- Sprache
-
Englisch
- Erschienen in
-
Series: Cardiff Economics Working Papers ; No. E2007/29
- Klassifikation
-
Wirtschaft
- Thema
-
Geldpolitik
Geldangebot
Taylor-Regel
Neue Wachstumstheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Le, Mai Vo
Gillman, Max
Minford, Patrick
- Ereignis
-
Veröffentlichung
- (wer)
-
Cardiff University, Cardiff Business School
- (wo)
-
Cardiff
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Le, Mai Vo
- Gillman, Max
- Minford, Patrick
- Cardiff University, Cardiff Business School
Entstanden
- 2007
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