Endogenous growth and the Taylor principle

Micheli Martin

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Endogenous growth and the Taylor principle

机译：内生增长与泰勒原理

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This paper analyzes conditions for equilibrium determinacy in a new Keynesian model with endogenous growth. Endogenous growth shrinks the determinacy region considerably. Complying with the Taylor principle is not sufficient for equilibrium determinacy. (C) 2018 Elsevier B.V. All rights reserved.

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来源
《Economics letters》 |2018年第6期|1-4|共4页
作者
Micheli Martin;
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作者单位

RWI, Hohenzollernstr 1-3, D-45128 Essen, Germany;

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原文格式 PDF
正文语种 eng
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关键词
Endogenous growth; business cycle; monetary policy; Taylor principle;

机译：内生增长;商业周期;货币政策;泰勒原理;

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Endogenous growth and the Taylor principle

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