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The dynamics of balanced expansion in monetary economies with sovereign debt

Böhm, Volker - 2018 - Version: September 26, 2018

and stability are influenced in a decisive way by fiscal and monetary parameters determining steady state inflation rates …

Persistent link: https://www.econbiz.de/10011903801

Endogenous Growth, Downward Wage Rigidities and Optimal Inflation

Abbritti, Mirko; Consolo, Agostino; Weber, Sebastian - 2022

Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions, endogenous productivity and downward wage rigidity...

Persistent link: https://www.econbiz.de/10013306762

Ecology, economics, and network dynamics

Hastings, Harold M.; Young-Taft, Tai; Tsen, Chih-Jui - 2020

In a seminal 1972 paper, Robert M. May asked: "Will a Large Complex System Be Stable?" and argued that stability (of a … describe highlights in the development of our present understanding of stability and complexity in network systems, in order to …

Persistent link: https://www.econbiz.de/10012291950

Growth dynamics, multiple equilibria, and local indeterminacy in an endogenous growth model of money, banking and inflation targeting

Gupta, Rangan; Makena, Philton - In: Economies : open access journal 8 (2020) 1/22, pp. 1-14

We develop an overlapping generations monetary endogenous growth (generated by productive public expenditures) model with inflation targeting, characterized by relocation shocks for young agents, which in turn generates a role for money (even in the presence of the return-dominating physical...

Persistent link: https://www.econbiz.de/10012237479

Modeling the Inflation Growth Effect

Gillman, Max; Kejak, Michal - 2001

This paper adds a credit services sector into a monetary endogenous growth economy in order to investigate the inflation-growth effect. We compare this economy to more standard models with respect to the effect of the money / credit exchange technology. We find a markedly negative effect of...

Persistent link: https://www.econbiz.de/10014140312

Robust Cyclical Growth

Mukherji, Anjan - 2003

The stability of cyclical growth within the context of a model in Matsuyama (1999) is examined. It is shown that but … for an extreme situation, the two-cycles are unique and a range of parameter values which imply the stability of such …

Persistent link: https://www.econbiz.de/10014076807

Endogenous technology, scarring and fiscal policy

Schmöller, Michaela - 2022

This paper studies fiscal policy in a New Keynesian DSGE model with endogenous technology growth in which scarring can occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R&D and technology adoption, thus depressing the...