| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060785 | Economics Letters | 2011 | 5 Pages |
Abstract
⺠We incorporate endogenous growth in a standard New Keynesian model. ⺠We show that monetary volatility negatively affects long-run growth. ⺠The source of nominal rigidities influences the effects of volatility on growth. ⺠Shock persistence and monetary policy affect the way uncertainty impacts on growth. ⺠A high degree of interest rate smoothing is detrimental to mean growth.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Barbara Annicchiarico, Alessandra Pelloni, Lorenza Rossi,