A New Keynesian model with technological change

Tomohiro Inoue; Eiji Tsuzuki

doi:10.1016/j.econlet.2010.11.020

A New Keynesian model with technological change

Tomohiro Inoue^*, Eiji Tsuzuki

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

We develop a New Keynesian model incorporating technological change. The steady-state output analysis provides the conclusion that eliminating the output gap requires the rate of money growth to be equal to the rate of technological change.

Original language	English
Pages (from-to)	206-208
Number of pages	3
Journal	Economics Letters
Volume	110
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2010.11.020
Publication status	Published - 2011 Mar

Keywords

Money growth
New Keynesian Phillips curve
Output gap
Price stickiness
Technological change

ASJC Scopus subject areas

Economics and Econometrics
Finance

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10.1016/j.econlet.2010.11.020

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title = "A New Keynesian model with technological change",

abstract = "We develop a New Keynesian model incorporating technological change. The steady-state output analysis provides the conclusion that eliminating the output gap requires the rate of money growth to be equal to the rate of technological change.",

keywords = "Money growth, New Keynesian Phillips curve, Output gap, Price stickiness, Technological change",

author = "Tomohiro Inoue and Eiji Tsuzuki",

year = "2011",

month = mar,

doi = "10.1016/j.econlet.2010.11.020",

language = "English",

volume = "110",

pages = "206--208",

journal = "Economics Letters",

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AU - Inoue, Tomohiro

AU - Tsuzuki, Eiji

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N2 - We develop a New Keynesian model incorporating technological change. The steady-state output analysis provides the conclusion that eliminating the output gap requires the rate of money growth to be equal to the rate of technological change.

AB - We develop a New Keynesian model incorporating technological change. The steady-state output analysis provides the conclusion that eliminating the output gap requires the rate of money growth to be equal to the rate of technological change.

KW - Money growth

KW - New Keynesian Phillips curve

KW - Output gap

KW - Price stickiness

KW - Technological change

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DO - 10.1016/j.econlet.2010.11.020

M3 - Article

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SN - 0165-1765

VL - 110

SP - 206

EP - 208

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

A New Keynesian model with technological change

Abstract

Keywords

ASJC Scopus subject areas

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