Michael Wycherley's research while affiliated with Trinity College Dublin and other places

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Publications (2)

Innovation versus Imitation: Intellectual Property Rights in a North-South Framework
Article
  • Jan 2010
This paper examines differences in the optimal strength of intellectual property rights protection in a North-South endogenous growth model where it is possible for the South to engage in imitation, innovation or both. The possibility of Southern innovation implies sharp breaks in optimal policy at different stages of development in the South depen...
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Optimal Policy and the Sectoral Composition of Output in a New Keynesian Model
Article
  • Jan 2009
The standard New Keynesian model allows the derivation of optimal monetary policy on the assumption that the economy is composed of a single sector. This paper analyses optimal policy on the basis that the economy comprises a number of different sectors. It shows that the composition of output matters, that policy should take into account the sourc...
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