A New Keynesian model with technological change

Tomohiro Inoue, Eiji Tsuzuki

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)206-208
Number of pages3
JournalEconomics Letters
Volume110
Issue number3
DOIs
Publication statusPublished - 2011 Mar

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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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