کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5055227 1371487 2010 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Policy trade-off in the long run: A new Keynesian model with technological change and money growth
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Policy trade-off in the long run: A new Keynesian model with technological change and money growth
چکیده انگلیسی

In this study, we introduce a constant rate of technological change and money growth into the standard new Keynesian model, in which both prices and nominal wages are supposed to be sticky. Using such a model, we examine whether a policy trade-off exists between curbing inflation and stabilizing the welfare-relevant output gap in the steady state. If we take only price stickiness into consideration, a policy trade-off does not occur. However, if both nominal wage stickiness and price stickiness are taken into consideration, a policy trade-off occurs.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 27, Issue 5, September 2010, Pages 943-950
نویسندگان
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