New perspectives on capital, sticky prices, and the Taylor principle

DOI10.1016/J.JET.2005.02.002MaRDI QIDQ2486404zbMATH OpenOpenAlexFDO

Authors Tommy Sveen, Lutz Weinke

Publication date 5 August 2005

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2005.02.002

zbMATH Keywords

Aggregate investmentMonetary policySticky prices

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64) Stochastic models in economics (91B70)

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Cites work

• Capital income taxation, equilibrium determinacy, and the Taylor principle
• Firm-specific capital, nominal rigidities, and the Taylor principle
• Investment and interest rate policy
• Investment and interest rate policy: a discrete time analysis
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• The design of monetary and fiscal policy: a global perspective

Cited in

(22)

• Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules
• Monetary policy and multiple equilibria with constrained investment and externalities
• A further note on prices policy from a Sraffian perspective
• Price indexation, habit formation, and the generalized Taylor principle
• The Taylor principle in a medium-scale macroeconomic model
• Capital accumulation, sectoral heterogeneity and the Taylor principle
• The Taylor principle fights back. II
• Discussion on: ``Optimally sticky prices: foundations
• Is forward-looking inflation targeting destabilizing? the role of policy's response to current output under endogenous investment
• Firm-specific capital, nominal rigidities, and the Taylor principle
• Introduction to monetary policy and capital accumulation
• The design of monetary and fiscal policy: a global perspective
• MONETARY PERSISTENCE, IMPERFECT COMPETITION, AND STAGGERING COMPLEMENTARITIES
• Real rigidities, productivity improvements and investment dynamics
• TWO NEW KEYNESIAN THEORIES OF STICKY PRICES
• INCREASING RETURNS AND THE DESIGN OF INTEREST RATE RULES
• Nominal rigidities in both the intermediate goods sector and the final goods sector and equilibrium determinacy
• Robust real rate rules
• Investment, interest rate policy, and equilibrium stability
• A dynamic New Keynesian life-cycle model: societal aging, demographics, and monetary policy
• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• On-the-job search, sticky prices, and persistence

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