Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95315
Authors: 
Annicchiarico, Barbara
Pelloni, Alessandra
Rossi, Lorenza
Year of Publication: 
2010
Series/Report no.: 
Quaderni di Dipartimento 120
Abstract: 
We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth depends on the persistence of the nominal shocks and on the Taylor rule considered; (iii) a Taylor rule with smoothing increases the negative effect of nominal volatility on mean growth.
Subjects: 
Growth
volatility
business cycle
monetary policy
JEL: 
E32
E52
O42
Document Type: 
Working Paper

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