Annicchiarico, Barbara; Corrado, Luisa; Pelloni, Alessandra - Rimini Centre for Economic Analysis (RCEA) - 2008
We study the relationship between growth and variability in a DSGE model with nominal rigidities and growth driven by learning-by-doing. We show that this relationship may be positive or negative depending on the impulse source of fluctuations A key role is also played by the Frisch elasticity...
