Archivi tag: Marianne Sensier

Is Volatility Good for Growth?. Evidence from the G7

We provide empirical support for an analytical DSGE model with nominal wage stickiness where growth is driven by learning-by-doing and money shocks and their variance are allowed to impact on long-run output growth. In our theoretical model the variance of … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , , , , | Lascia un commento