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Endogenous growth and the Taylor principle

Martin Micheli ()

Economics Letters, 2018, vol. 167, issue C, 1-4

Abstract: 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)
Date: 2018
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