Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from ...

We study the balanced growth paths and their stability features of a monetary two-sector endogenous growth model with physical capital and human capital accumulation. The demand of money is motivated ...

This is a preview. Log in through your library . Abstract We examine the roles of consumption externalities in a variety-expansion growth model. By assuming that the R&D sector is more skilled labor ...

The Institute of Automation, Chinese Academy of Sciences stated, "Currently, large models based on the Transformer ...