Learning-by-doing and the optimal Ramsey interest rate

被引：0

作者：

Talukdar, Bidyut ^{[1
]}

机构：

[1] St Marys Univ, San Antonio, TX 78228 USA

来源：

ECONOMICS BULLETIN | 2015年 / 35卷 / 01期

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We add learning-by-doing to firms technology in an imperfectly competitive Ramsey model and study optimal interest rate. Our main result is that the Ramsey allocation features an inverse relationship between optimal nominal interest rate and the degree of learning rate. We show that a sufficiently high degree of learning rate can reinstate the optimality of the Friedman rule.

引用

页码：53 / +

页数：9

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