Endogenous Growth, Monetary Shocks and Nominal Rigidities

Barbara Annicchiarico; Alessandra Pelloni; Lorenza Rossi

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.

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Year of publication:	2010
Authors:	Annicchiarico, Barbara ; Pelloni, Alessandra ; Rossi, Lorenza
Publisher:	Pavia : University of Pavia, Department of Economics and Quantitative Methods
Subject:	Growth \| volatility \| business cycle \| monetary policy \| Geldpolitik \| Monetary policy \| Schock \| Shock \| Endogenes Wachstumsmodell \| Endogenous growth model \| Konjunktur \| Business cycle \| Volatilität \| Volatility \| Wirtschaftswachstum \| Economic growth \| Theorie \| Theory \| Neoklassische Synthese \| Neoclassical synthesis \| Taylor-Regel \| Taylor rule

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Extent:	Online-Ressource
Series:	Quaderni del Dipartimento. - Pavia : [Verlag nicht ermittelbar], ISSN 2279-7807, ZDB-ID 2755369-3. - Vol. 120
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/95315 [Handle]
Classification:	E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; O42 - Monetary Growth Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010343890