000013160 001__ 13160 000013160 005__ 20170831220527.0 000013160 037__ $$aTAZ-TFM-2013-1217 000013160 041__ $$aeng 000013160 1001_ $$aNemoto, Kazuyuki 000013160 24500 $$aWage Rigidity, Human Capital and Non-Neutrality of Monetary Policy in the Long-Run 000013160 260__ $$aZaragoza$$bUniversidad de Zaragoza$$c2013 000013160 506__ $$aby-nc-sa$$bCreative Commons$$c3.0$$uhttp://creativecommons.org/licenses/by-nc-sa/3.0/ 000013160 520__ $$aThis paper aims to analyze the non-neutrality of monetary policy incorporating the Lucas (1988) type endogenous growth model in the standard New Keynesian macroeconomic model with nominal wage rigidities. It is shown that the monetary policy summarized in the level of trend inflation is non-neutral in the long-run economic growth in the presence of nominal wage rigidities. The growth-inflation nexus depends on the degree of nominal rigidities and the degree of differentiation of the labor services. 000013160 521__ $$aMáster Universitario en Investigación en Economía 000013160 540__ $$aDerechos regulados por licencia Creative Commons 000013160 6531_ $$anew keynesian 000013160 6531_ $$awage rigidity 000013160 6531_ $$ahuman capital 000013160 6531_ $$atrend inflation 000013160 6531_ $$anon-neutrality of monetary policy 000013160 700__ $$aSanso Frago, Marcos$$edir. 000013160 7102_ $$aUniversidad de Zaragoza$$bAnálisis Económico$$c 000013160 8560_ $$f669333@celes.unizar.es 000013160 8564_ $$s1031544$$uhttps://zaguan.unizar.es/record/13160/files/TAZ-TFM-2013-1217.pdf$$yMemoria (eng)$$zMemoria (eng) 000013160 909CO $$ooai:zaguan.unizar.es:13160$$pdriver$$ptrabajos-fin-master 000013160 950__ $$a 000013160 980__ $$aTAZ$$bTFM$$cECON