Endogenous growth and the Taylor principle
Martin Micheli ()
Economics Letters, 2018, vol. 167, issue C, 1-4
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.
Keywords: Endogenous growth; business cycle; monetary policy; Taylor principle (search for similar items in EconPapers)
JEL-codes: E32 E52 O42 (search for similar items in EconPapers)
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Working Paper: Endogenous growth and the Taylor principle (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:167:y:2018:i:c:p:1-4
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