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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