between short-term stabilization policy and long-term growth by considering both deliberate (internal) and serendipitous … (external) learning mechanisms for productivity growth …

This paper presents an analysis of the joint determination of growth and business cycles with the view to studying the … long-run implications of short-term monetary stabilization policy. The analysis is based on a simple stochastic growth … variance of output growth irrespective of the source of fluctuations. It is also shown that, in spite of this, there may exist …

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 … increases the negative effect of nominal volatility on mean growth. …

growth and shocks volatility in a model with procyclical R&D and imperfect competition in goods and labour markets. We show … that the effects of uncertainty on long-term growth not only depends on the source of fluctuations, as recent literature …

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 … increases the negative effect of nominal volatility on mean growth. …

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 … increases the negative effect of nominal volatility on mean growth. …

We introduce endogenous growth in a standard NK model with staggered prices and wages. We find that the source of … growth. …

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 … increases the negative effect of nominal volatility on mean growth. …

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 … increases the negative effect of nominal volatility on mean growth. …

The paper aims to analyse the question of how cyclical fluctuations might affect long run growth. The analysis is based … negative or positive relationship between short run volatility and long run growth depending on the source of shocks and the … to stabilise short run volatility may either increase or decrease growth depending on the source of shocks. …