Long-run monetary non-neutrality in a model of endogenous growth
Empirical Analysis, indicating a negative tradeoff between long-run growth and economic stability appear sensitive with respect to policy intervention. I use a model of fully rational utility maximizing representative agents and profit maximizing firms acquiring rents by inventing a new product vari...
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Format: | Others |
Language: | en |
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Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business
1996
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Online Access: | http://epub.wu.ac.at/470/1/document.pdf |