Taylor rules and technology shocks

被引：3
|
作者：
Sims, Eric R. [1 ,2 ]
机构：
[1] Univ Notre Dame, Notre Dame, IN 46556 USA
[2] NBER, Cambridge, MA 02138 USA
来源：
ECONOMICS LETTERS | 2012年 / 116卷 / 01期
关键词：
Taylor rules; Technology shocks; New Keynesian model; AGGREGATE FLUCTUATIONS; BUSINESS-CYCLE;
D O I：
10.1016/j.econlet.2012.01.016
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In New Keynesian models, Taylor rules move real rates in the same direction as the natural rate, but less than one-for-one. Permanent, positive technology shocks raise the natural rate policy is expansionary and hours rise relative to the flexible price case. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码：92 / 95
页数：4
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