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Monetary Rules in a Two-Sector Endogenous Growth Model with Cash-in-Advance Constraint

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  • Daria ONORI
  • Francesco MAGRIS
  • Antoine LE RICHE

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  • Daria ONORI & Francesco MAGRIS & Antoine LE RICHE, 2017. "Monetary Rules in a Two-Sector Endogenous Growth Model with Cash-in-Advance Constraint," LEO Working Papers / DR LEO 2504, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    • Handle: RePEc:leo:wpaper:2504
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Benhabib, Jess & Schmitt-Grohe, Stephanie & Uribe, Martin, 2001. "The Perils of Taylor Rules," Journal of Economic Theory, Elsevier, vol. 96(1-2), pages 40-69, January.
    3. Le Riche, Antoine & Magris, Francesco & Parent, Antoine, 2017. "Liquidity Trap and stability of Taylor rules," Mathematical Social Sciences, Elsevier, vol. 88(C), pages 16-27.
    4. Jean-Pierre Drugeon, 2013. "On the emergence of competitive equilibrium growth cycles," Post-Print hal-00756574, HAL.
    5. Bosi, Stefano & Magris, Francesco, 2003. "Indeterminacy and endogenous fluctuations with arbitrarily small liquidity constraint," Research in Economics, Elsevier, vol. 57(1), pages 39-51, March.
    6. Stefano Bosi & Guido Cazzavillan & Francesco Magris, 2005. "Plausibility of Indeterminacy and Complex Dynamics," Annals of Economics and Statistics, GENES, issue 78, pages 103-115.
    7. Leeper, Eric M., 1991. "Equilibria under 'active' and 'passive' monetary and fiscal policies," Journal of Monetary Economics, Elsevier, vol. 27(1), pages 129-147, February.
    8. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    9. Jean-Pierre Drugeon, 2013. "On the emergence of competitive equilibrium growth cycles," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 397-427, January.
    10. Clarida, Richard & Gali, Jordi & Gertler, Mark, 1998. "Monetary policy rules in practice Some international evidence," European Economic Review, Elsevier, vol. 42(6), pages 1033-1067, June.
    11. Bond, Eric W. & Wang, Ping & Yip, Chong K., 1996. "A General Two-Sector Model of Endogenous Growth with Human and Physical Capital: Balanced Growth and Transitional Dynamics," Journal of Economic Theory, Elsevier, vol. 68(1), pages 149-173, January.
    12. Stephanie Schmitt‐Grohé & Martín Uribe, 2009. "Liquidity traps with global Taylor Rules," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(1), pages 85-106, March.
    13. Stefano Bosi & Francesco Magris & Alain Venditti, 2005. "Multiple equilibria in a cash‐in‐advance two‐sector economy," International Journal of Economic Theory, The International Society for Economic Theory, vol. 1(2), pages 131-149, June.
    14. repec:adr:anecst:y:2005:i:78:p:05 is not listed on IDEAS
    15. Ronald W. Jones, 2018. "The Structure of Simple General Equilibrium Models," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 4, pages 61-84, World Scientific Publishing Co. Pte. Ltd..
    16. Schmitt-Grohe, Stephanie & Uribe, Martin, 2000. "Price level determinacy and monetary policy under a balanced-budget requirement," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 211-246, February.
    17. Jean-Pierre Drugeon, 2013. "On the emergence of competitive equilibrium growth cycles," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00756574, HAL.
    18. Baxter, Marianne, 1996. "Are Consumer Durables Important for Business Cycles?," The Review of Economics and Statistics, MIT Press, vol. 78(1), pages 147-155, February.
    19. Mino, Kazuo, 1997. "Long-Run Effects of Monetary Expansion in a Two-Sector Model of Endogenous Growth," Journal of Macroeconomics, Elsevier, vol. 19(4), pages 635-655, October.
    20. Brito, Paulo & Venditti, Alain, 2010. "Local and global indeterminacy in two-sector models of endogenous growth," Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 893-911, September.
    21. Kazuo Mino & Kazuo Nishimura & Koji Shimomura & Ping Wang, 2008. "Equilibrium dynamics in discrete-time endogenous growth models with social constant returns," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 34(1), pages 1-23, January.
    22. Takahashi, Harutaka & Mashiyama, Koichi & Sakagami, Tomoya, 2012. "Does The Capital Intensity Matter? Evidence From The Postwar Japanese Economy And Other Oecd Countries," Macroeconomic Dynamics, Cambridge University Press, vol. 16(S1), pages 103-116, April.
    23. Harutaka Takahashi, 2008. "Optimal balanced growth in a general multi-sector endogenous growth model with constant returns," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 31-49, October.
    24. Jess Benhabib & Kazuo Nishimura, 2012. "Competitive Equilibrium Cycles," Springer Books, in: John Stachurski & Alain Venditti & Makoto Yano (ed.), Nonlinear Dynamics in Equilibrium Models, edition 127, chapter 0, pages 75-96, Springer.
    25. Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
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