Endogenous growth, monetary shocks and nominal rigidities |
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| Authors: | Barbara Annicchiarico Alessandra PelloniLorenza Rossi |
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| Institution: | a Department of Economics, University of Rome ‘Tor Vergata’, via Columbia 2, 00133 Roma, Italyb University of Rome ‘Tor Vergata’, Italyc University of Pavia, Italy |
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| Abstract: | We introduce endogenous growth in a standard NK model with staggered prices and wages. We find that the source of nominal rigidities, the shock persistence and the type of Taylor rule affect the relationship between monetary volatility and growth. |
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| Keywords: | E32 E52 O42 |
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