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Monetary policy and business cycles with endogenous entry and product variety

Bilbiie, Florin O.; Ghironi, Fabio; Melitz, Marc J. - In: NBER macroeconomics annual 22 (2007), pp. 299-379

Persistent link: https://www.econbiz.de/10003824287

Monetary policy and business cycles with endogenous entry and product variety

Bilbiie, Florin O.; Ghironi, Fabio; Melitz, Marc J. - 2007

This paper studies the role of endogenous producer entry and product creation for monetary policy analysis and business cycle dynamics in a general equilibrium model with imperfect price adjustment. Optimal monetary policy stabilizes product prices, but lets the consumer price index vary to...

Persistent link: https://www.econbiz.de/10003492372

Cash-in-advance constraint on R&D in a Schumpeterian growth model with an endogenous market structure

Huang, Chienyu; Chang, Juin-jen; Ji, Lei - 2013

Persistent link: https://www.econbiz.de/10009791653

Innovation and Finance : An SFC Analysis of Great Surges of Development

Caiani, Alessandro - 2012

capitalistic economy. These cycles, inherent to the rise of innovation, are an unavoidable consequence of the way in which markets … played by finance in fostering innovation, in defining bank credit as the “monetary complement” of innovation. Nevertheless …, we feel that the connection between innovation and firm financing has seldom been examined from a theoretical standpoint …

Persistent link: https://www.econbiz.de/10013098660