A New Keynesian model with technological change

Tomohiro Inoue and Eiji Tsuzuki

Economics Letters, 2011, vol. 110, issue 3, 206-208

Abstract: We 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.

Keywords: Technological; change; Price; stickiness; Money; growth; Output; gap; New; Keynesian; Phillips; curve (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:110:y:2011:i:3:p:206-208

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