Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7348888 | Economics Letters | 2018 | 4 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Martin Micheli,