期刊名称：Discussion Papers / Department of Economics, University of Essex
出版年度：2005
卷号：2005
出版社：University of Essex
摘要：This paper presents a stochastic monetary growth model with nominal rigidities
and active monetary policy in which technological change contains both
deliberate (internal) and serendipitous (external) learning mechanisms. The
model is used to describe how the implications of monetary stabilization policy
for the long-run economic performance could change due to the ambiguity on the
relationship between secular growth and cyclical volatility.
