Tsuzuki, Eiji; Inoue, Tomohiro - In: Research in Economics 65 (2011) 3, pp. 180-194
We developed a sticky-price model that introduces the factors of (a) the non-separability of consumption and labor in the utility function and (b) a technological change induced by the investment of profits, to analyze the determinacy of equilibrium. We found that while engaging in inflation...