Ramsey Monetary Policy in a New Keynesian Model with Endogenous Growth

Barbara Annicchiarico (barbara.annicchiarico@uniroma3.it) and Lorenza Rossi

No 265, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: We study Ramsey monetary policy in a New Keynesian (NK) model with endogenous growth and knowledge spillovers external to each firm. We find that in contrast with the standard NK model, the Ramsey dynamics implies deviation from full inflation targeting in response to technology and government spending shocks

Keywords: Monetary Policy; Endogenous Growth; Ramsey Problem (search for similar items in EconPapers)
JEL-codes: E32 E52 O42 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2013-02-13, Revised 2013-02-13
New Economics Papers: this item is included in nep-dge, nep-fdg, nep-mac and nep-mon
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Citations: View citations in EconPapers (7)

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