A New Keynesian model with technological change
AbstractWe develop a New Keynesian model incorporating technological change. The steady-state output analysis provides the conclusion that eliminating the output gap requires the rate of money growth to be equal to the rate of technological change.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 110 (2011)
Issue (Month): 3 (March)
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Web page: http://www.elsevier.com/locate/ecolet
Technological change Price stickiness Money growth Output gap New Keynesian Phillips curve;
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