An endogenous Taylor condition in an endogenous growth monetary policy model
Le, Mai Vo
- Publisher: Cardiff University, Cardiff Business School Cardiff
Taylor Rule; endogenous growth; money supply; policy model | Taylor-Regel | Geldangebot | Neue Wachstumstheorie | Geldpolitik | Theorie
The paper derives a Taylor condition as part of the agent's equilibrium behavior in an endogenous growth monetary economy. It shows the assumptions necessary to make it almost identical to the original Taylor rule, and that it can interchangably take a money supply grow...