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A New Keynesian model with technological change

We develop a New Keynesian model incorporating technological change. The steady-state output analysis provides the conclusion that eliminating the output gap requires the rate of money growth to be equal to the rate of technological change.
Year of publication:
2011
Authors: Inoue, Tomohiro ; Tsuzuki, Eiji
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 3, p. 206-208
Publisher: Elsevier
Keywords: Technological change Price stickiness Money growth Output gap New Keynesian Phillips curve
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Type of publication: Article
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Persistent link: https://www.econbiz.de/10008866847
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