Endogenous growth, monetary shocks and nominal rigidities
AbstractWe 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 113 (2011)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/ecolet
Growth; Volatility; Business cycle; Monetary policy;
Other versions of this item:
- Annicchiarico, Barbara & Pelloni, Alessandra & Lorenza, Rossi, 2010. "Endogenous Growth, Monetary Shocks and Nominal Rigidities," MPRA Paper 25647, University Library of Munich, Germany.
- Barbara Annicchiarico & Alessandra Pelloni & Lorenza Rossi, 2011. "Endogenous Growth, Monetary Shocks and Nominal Rigidities," CEIS Research Paper 187, Tor Vergata University, CEIS, revised 08 Mar 2011.
- Barbara Annicchiarico & Alessandra Pelloni & Lorenza Rossi, 2010. "Endogenous Growth, Monetary Shocks and Nominal Rigidities," Quaderni di Dipartimento 120, University of Pavia, Department of Economics and Quantitative Methods.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- O42 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
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