Article ID Journal Published Year Pages File Type
7348888 Economics Letters 2018 4 Pages PDF
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
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Endogenous growth and the Taylor principle
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