Interest-Rate Rules in a New Keynesian Framework with Inv...
Pavlova, Elena![Interest-Rate Rules in a New Keynesian Framework with Investment](https://support.digitalhusky.com/media/annotations/sorted/199/19945117/CHSBZCOP0319945117.jpg)
The last decades have witnessed major progress in both monetary policy theory and practice, with broad academic consensus on the desirability of monetary policy rules and ongoing research on their exact specification. Typically, the analysis is carried out in a New Keynesian framework with nominal rigidities and constant capital stock. The latter represents a constraint that this study seeks to overcome by introducing a model with investment a...