| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5463 |
| DP5463 Has Monetary Policy Become More Effective? | |
| Marc Giannoni; Jean Boivin | |
| 发表日期 | 2006-01-20 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper offers micro-foundations for the dynamic relationship between technology and population in the pre-industrial world, accounting for both technological progress and the hitherto neglected but common phenomenon of technological regress. A growing population engenders the endogenous adoption of new techniques that increase the division of labour. Conversely, technological progress supports an increasing population in the Malthusian environment. A transient shock to population or productivity, however, induces the neglect of some techniques rendered temporarily unprofitable, which are therefore not transmitted to the next generation. When the shock passes, the division of labour remains constrained by the smaller stock of knowledge, and technology has thereby regressed. A slow process of rediscovery is required for the economy to reach its previous level of technological sophistication and population size. |
| 主题 | International Macroeconomics |
| 关键词 | Technological regress Technological progress Malthusian stagnation Division of labour |
| URL | https://cepr.org/publications/dp5463 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534318 |
| 推荐引用方式 GB/T 7714 | Marc Giannoni,Jean Boivin. DP5463 Has Monetary Policy Become More Effective?. 2006. |
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