This note considers the Leduc and Liu (JME, 2016) model and studies the effects of their
uncertainty shock under different Taylor-type rules. It shows that both the responses of real …

This paper analyses the consequences and effects of volatile energy prices in the UK. The
evidence provided are from an estimated DSGE model of energy. The model is applied on …

This article explores the effects of monetary policy (inflation) in a Schumpeterian growth
model with an endogenous market structure and distinct cash (or cash-in-advance, CIA) …

We study optimal monetary policy in a New Keynesian (NK) model with endogenous growth
and knowledge spillovers external to each firm. We find that, in contrast with the standard NK …

The macroeconomic experience of the last decade stressed the importance of jointly
studying the growth and business cycle fluctuations behavior of the economy. To analyze …

В статье исследуется, как переход к политике таргетирования инфляции влияет на
экономический рост, анализируются возможные теоретические подходы к объяснению …

This paper examines how innovation-led growth affects optimal monetary policy. We
consider the Ramsey policy in a New Keynesian model where R&D leads to an expanding …

Purpose–The purpose of this paper is to describe the transformation of macro‐modelling
from reduced form behavioural equations estimated separately, through to contemporary …

We study the implications of having different sources of nominal rigidities on the relationship
between productivity growth and shocks volatility in a model with procyclical R&D and …

We study the macroeconomic effects of a time-varying inflation target (IT), which stochastic
volatility follows an autoregressive process. We show that the quantitative economic effects …