Endogenous growth, monetary shocks and nominal rigidities

We introduce endogenous growth in a standard NK model with staggered prices and wages. We find that the source of nominal rigidities, the shock persistence and the type of Taylor rule affect the relationship between monetary volatility and growth.

MoreLess

Year of publication:	2011
Authors:	Annicchiarico, Barbara ; Pelloni, Alessandra ; Rossi, Lorenza
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 2, p. 103-107
Publisher:	Elsevier
Subject:	Growth \| Volatility \| Business cycle \| Monetary policy

More details

Type of publication:	Article
Classification:	E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; O42 - Monetary Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010572164