Ramsey Monetary Policy in a New Keynesian Model with Endogenous Growth

We study Ramsey monetary policy in a New Keynesian (NK) model with endogenous growth and knowledge spillovers external to each firm. We find that in contrast with the standard NK model, the Ramsey dynamics implies deviation from full inflation targeting in response to technology and government spending shocks

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Year of publication:	2014
Authors:	Annicchiarico, Barbara
Other Persons:	Rossi, Lorenza (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Neoklassische Synthese \| Neoclassical synthesis \| Endogenes Wachstumsmodell \| Endogenous growth model \| Theorie \| Theory \| Preisrigidität \| Price stickiness

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Extent:	1 Online-Ressource (11 p)
Series:	CEIS Working Paper ; No. 265
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 2013 erstellt
Other identifiers:	10.2139/ssrn.2216627 [DOI]
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/10013064560