We study the balanced growth paths and their stability features of a monetary two-sector endogenous growth model with physical capital and human capital accumulation. The demand of money is motivated ...
Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results