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  1. Optimal fiscal policy in an economy facing socio-political instability
    Author: Ghate, Chetan; Le, Quan Vu; Zak, Paul J.
    Published: 2002
    Publisher:  DIW, Berlin

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  2. Endogenous distribution, politics, and growth
    Author: Das, Satya; Ghate, Chetan
    Published: 2002
    Publisher:  DIW, Berlin

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  3. Environmental policy and growth when environmental awareness is endogenous
    Author: Constant, Karine; Davin, Marion
    Published: [2016]
    Publisher:  Unite de formation et de recherche d'economie, Montpellier

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    Language: English
    Media type: Book
    Format: Online
    Series: Document de recherche / Laboratoire montpelliérain d'économie théorique et appliquée ; DR no 2016, 08
    Subjects: Environmental policy; Endogenous Growth; Environmental Awareness; Education
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  4. Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions
    Author: Chen, Been-lon; Liao, Shian-Yu; Liu, Dongpeng; Liu, Xiangbo
    Published: August, 2022
    Publisher:  Institute of Economics, Academia Sinica, Taipei, Taiwan

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    Language: English
    Media type: Book
    Format: Online
    Edition: This Version: August 2022
    Series: IEAS working paper ; no. 22, A003
    Subjects: Endogenous Growth; Money Supply; Labor Search; Unemployment; Welfare
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  5. Essays on energy economics
    advanced modeling approaches and policy analysis
    Author: Zhang, Lin
    Published: 2015

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    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Online
    Other identifier:
    hdl: 20.500.11850/99069
    Subjects: Energy Policy; Endogenous Growth; Energy Efficiency; Energy Economic Modeling; Knowledge Spillover; Convergence; Energy Industry (Energy Technology); Business Efficiency; Economic Growth; Growth Models (Economics); Economic Models; Betriebseffizienz
    Scope: 1 Online-Ressource (circa 197 Seiten), Illustrationen
    Notes:

    Diss., Eidgenössische Technische Hochschule ETH Zürich, Nr. 22419

    Dissertation, ETH Zurich, 2015
  6. Anticipation of future consumption, excessive savings, and long-run growth
    Author: Schünemann, Johannes; Strulik, Holger; Trimborn, Timo
    Published: 2023
    Publisher:  Aarhus BSS, Department of Economics and Business Economics, Aarhus University, [Aarhus]

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    Language: English
    Media type: Book
    Format: Online
    Series: Economics working papers ; 2023, 10
    Subjects: Anticipated Consumption; Time-Inconsistency; Over-Saving; Endogenous Growth; Discounting
    Scope: 1 Online-Ressource (circa 23 Seiten)
  7. Endogenous growth, downward wage rigidities and optimal inflation
    Author: Abbritti, Mirko; Consolo, Agostino; Weber, Sebastian
    Published: August 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions,... more

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    Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions, endogenous productivity and downward wage rigidity (DWR) which challenges these results. The model features a non-vertical long-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change the welfare-maximizing inflation level. For a plausible set of parameters, the optimal inflation target is in excess of two percent, a target value commonly used across central banks. Deviations from the optimal target carry welfare costs multiple times higher than in traditional NK models. The main reason is that endogenous growth and DWR generate asymmetric and hysteresis effects on unemployment and output. Price level targeting or a Taylor-rule responding to the unemployment rate can handle better the asymmetric and hysteresis effects in our model and deliver significant welfare gains. Our results are robust to the inclusion of the effective lower bound on the monetary policy interest rate

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513583983
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    Series: IMF working paper ; WP/21, 208
    Subjects: Endogenous Growth; Monetary Policy; Optimal Inflation Target; Downward Wage Rigidity; Monetary Policy Invariance Hypothesis; Zero Lower Bound; Aggregate Human Capital; Employment; Intergenerational Income Distribution; Unemployment; Wages
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  8. Optimal Fiscal Policy in an Economy Facing Socio-Political Instability
    Author: Ghate, Chetan; Le, Quan Vu; Zak, Paul J.
    Published: 2002
    Publisher:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

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  9. Endogenous distribution, politics, and growth
    Author: Das, Satya P.; Ghate, Chetan
    Published: 2002
    Publisher:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

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  10. Trade, firm selection, and innovation
    the competition channel
    Author: Impullitti, Giammario; Licandro, Omar
    Published: 2016
    Publisher:  Nottingham Centre for Research on Globalisation and Economic Policy, University of Nottingham, Nottingham

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2016/05
    Subjects: Endogenous Growth; Heterogeneous Firms; Oligopoly; Variable Markups; Dynamic Gains from Trade
    Scope: 1 Online-Ressource (circa 64 Seiten)
  11. Optimal education in times of ageing
    the dependency ratio in the Uzawa‐Lucas growth model
    Author: Edle von Gaessler, Anne; Ziesemer, Thomas
    Published: 2015
    Publisher:  UNU‐MERIT [u.a.], Maastricht

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    Language: English
    Media type: Book
    Format: Online
    Series: UNU-MERIT working paper series ; 2015-020
    Subjects: Demographic Change; Education; Endogenous Growth; Human Capital Development
    Scope: Online-Ressource (33 S.), graph. Darst.
  12. Public debt and welfare in a quantitative Schumpeterian growth model with incomplete markets
    Author: Cozzi, Marco
    Published: [2022]
    Publisher:  University of Victoria, Economics, [Victoria, B.C.]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Department discussion paper] / University of Victoria ; DDP 2006
    Subjects: Public debt; Heterogeneous Agents; Incomplete Markets; Endogenous Growth; Welfare
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  13. Switching-track after the Great Recession
    Author: Vinci, Francesca; Licandro, Omar
    Published: May 2021
    Publisher:  GSE, Graduate School of Economics, Barcelona

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Barcelona GSE working paper series ; no 1260
    Subjects: hysteresis; trend shift; switching-track; great recession; Economic Recovery; Endogenous Growth; Supply Destruction Prevention; Economic Capacity; Monetary Policy
    Scope: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  14. Ideas, idea processing, and TFP growth in the US
    1899 to 2019
    Author: James, Kevin; Kotak, Akshay; Tsomocos, Dimitrios P.
    Published: [2022]
    Publisher:  [LSE Financial Markets Group], [London]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [FMG discussion paper] ; [DP 860]
    SRC discussion paper ; no 121 (July 2022)
    Subjects: Innovation; Financial Market Effectiveness; Endogenous Growth; Total Factor Productivity
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  15. Ideas, idea processing, and TFP growth in the US
    1899 to 2019
    Author: James, Kevin; Kotak, Akshay; Tsomocos, Dimitrios P.
    Published: [2022]
    Publisher:  Systemic Risk Centre, The London School of Economics and Political Science, London

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    Media type: Book
    Format: Online
    Series: SRC discussion paper ; no 121 (July 2022)
    Subjects: Innovation; Financial Market Effectiveness; Endogenous Growth; TotalFactor Productivity
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  16. A generalized Uzawa growth theorem and capital-augmenting technological change
    Author: Casey, Gregory; Horii, Ryo
    Published: January 2022
    Publisher:  Williams College : Economics, Williamstown, MA, USA

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    Media type: Book
    Format: Online
    Series: Williams College Economics Department working paper series ; 2022, 02
    Subjects: Balanced Growth; Uzawa Steady State Growth Theorem; Endogenous Growth; Directed Technical Change
    Scope: 1 Online-Ressource (circa 77 Seiten), Illustrationen
  17. Endogenous technology, scarring and fiscal policy
    Author: Schmöller, Michaela
    Published: 12 December 2022
    Publisher:  Bank of Finland, Helsinki

    This paper studies fiscal policy in a New Keynesian DSGE model with endogenous technology growth in which scarring can occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R&D and... more

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    This paper studies fiscal policy in a New Keynesian DSGE model with endogenous technology growth in which scarring can occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R&D and technology adoption, thus depressing the long-run trend. Fiscal policy has long-term effects under endogenous growth and the type of fiscal stimulus is decisive for the sign and magnitude of fiscal multipliers. Expansionary government spending boosts output transitorily but over time crowding out in technology-enhancing investment weakens the long-run trend. I introduce fiscal growth policies in this environment which in the short run raise aggregate demand and simultaneously support growth-enhancing investment and thus the long-run trend, generating a positive trend multiplier. Multipliers of fiscal growth policies can be sizeable, above all when targeted to R&D, which is characterized by fiscal multipliers greater than unity. The importance of monetary-fiscal interaction is amplified due to long-run non-neutrality of monetary policy.

     
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    Media type: Ebook
    Format: Online
    ISBN: 9789523234260
    Other identifier:
    hdl: 10419/267168
    Series: Bank of Finland research discussion papers ; 2022, 13
    Subjects: Fiscal Multiplier; Hysteresis; Endogenous Growth; Inflation; Monetary-Fiscal Interaction
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  18. Foreign reserve accumulation, foreign direct investment, and economic growth
    Author: Matsumoto, Hidehiko
    Published: March 2019
    Publisher:  Institute for Monetary and Economic Studies, Bank of Japan, Tokyo, Japan

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    Language: English
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    Format: Online
    Series: Array ; no. 2019, E-04
    Subjects: Foreign Reserve Accumulation; Foreign Direct Investment; SuddenStops; Endogenous Growth; Real Exchange Rate; Gross Capital Flows
    Scope: 1 Online-Ressource (circa 77 Seiten), Illustrationen
  19. Existence and uniqueness of solutions to the Bellman equation in stochastic dynamic programming
    Author: Rincón-Zapatero, Juan Pablo
    Published: [2022]
    Publisher:  UC3M, Universidad Carlos III de Madrid, [Getafe (Spain)]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10016/35342
    Edition: This Version: March 7, 2022
    Series: Array ; 2022, 07
    Subjects: Stochastic Dynamic Programming; Contraction Mapping; Bellman Equation; Value Function; Endogenous Growth; Asset Pricing Model
    Scope: 1 Online-Ressource (circa 51 Seiten)
  20. Exchange rates and endogenous productivity
    Author: Gornemann, Nils; Guerrón-Quintana, Pablo A.; Saffie, Felipe
    Published: 2020
    Publisher:  Board of Governors of the Federal Reserve System, [Washington, DC]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: International finance discussion papers ; number 1301 (September 2020)
    Subjects: Real Exchange Rate; Endogenous Growth; RBC
    Scope: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  21. Endogenous growth, downward wage rigidity and optimal inflation
    Author: Abbritti, Mirko; Consolo, Agostino; Weber, Sebastian
    Published: [2021]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions,... more

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    Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions, endogenous productivity and downward wage rigidity (DWR) which challenges these results. The model features a non-vertical long-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change the welfare-maximizing inflation level. For a plausible set of parameters, the optimal inflation target is in excess of two percent, a target value commonly used across central banks. Deviations from the optimal target carry welfare costs multiple times higher than in traditional NK models. The main reason is that endogenous growth and DWR generate asymmetric and hysteresis effects on unemployment and output. Price level targeting or a Taylor-rule responding to the unemployment rate can handle better the asymmetric and hysteresis effects in our model and deliver significant welfare gains. Our results are robust to the inclusion of the effective lower bound on the monetary policy interest rate.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289949682
    Other identifier:
    hdl: 10419/249908
    Series: Working paper series / European Central Bank ; no 2635 (December 2021)
    Subjects: Endogenous Growth; Monetary Policy; Optimal Inflation Target,Downward Wage Rigidity; Monetary Policy Invariance Hypothesis; Zero LowerBound
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  22. Switching-track after the Great Recession
    Author: Vinci, Francesca; Licandro, Omar
    Published: [2021]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, en- compassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy... more

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    We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, en- compassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower trajectory. A Taylor rule policy designed to reduce the output gap may counterbal- ance the shocks, preventing the destruction of economic capacity and inducing a V-shaped recovery. However, when shocks are deep and persistent enough, like during the Great Recession, they call for a downward revision of potential output measures, the so-called switching-track, weakening the recovering role of monetary policy and inducing an L-shaped recovery. When calibrated to the U.S. economy, the model replicates well the L-shaped recovery and switching-track that followed the Great Recession, as well as the V-shaped recoveries that followed the oil shock recessions.

     
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    Source: Union catalogues
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    ISBN: 9789289948197
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    hdl: 10419/246173
    Series: Working paper series / European Central Bank ; no 2596 (October 2021)
    Subjects: Economic Recovery; Endogenous Growth; Supply Destruction Prevention; Economic Capacity; Monetary Policy
    Scope: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  23. Innovation, finance, and economic growth
    an agent-based approach
    Author: Fagiolo, Giorgio; Giachini, Daniele; Roventini, Andrea
    Published: [2017]
    Publisher:  OFCE, Paris

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    Series: Sciences Po OFCE working paper ; no 2017, 28 (2017/11/27)
    Subjects: Agent based models; Innovation; Exploration vs Exploitation; Endogenous Growth; Banking Sector; Finance Growth Nexus
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  24. La tarification des contrats courts
    objectifs et instruments
    Author: Coquet, Bruno
    Published: [2017]
    Publisher:  OFCE, Paris

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    Language: French
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    Series: Sciences Po OFCE working paper ; no 2017, 29 (2017/12/08)
    Subjects: Agent based models; Innovation; Exploration vs Exploitation; Endogenous Growth; Banking Sector; Finance Growth Nexus
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  25. Endogenous growth, downward wage rigidities and optimal inflation
    Author: Abbritti, Mirko; Consolo, Agostino; Weber, Sebastian
    Published: August 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions,... more

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    Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions, endogenous productivity and downward wage rigidity (DWR) which challenges these results. The model features a non-vertical long-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change the welfare-maximizing inflation level. For a plausible set of parameters, the optimal inflation target is in excess of two percent, a target value commonly used across central banks. Deviations from the optimal target carry welfare costs multiple times higher than in traditional NK models. The main reason is that endogenous growth and DWR generate asymmetric and hysteresis effects on unemployment and output. Price level targeting or a Taylor-rule responding to the unemployment rate can handle better the asymmetric and hysteresis effects in our model and deliver significant welfare gains. Our results are robust to the inclusion of the effective lower bound on the monetary policy interest rate

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513583983
    Other identifier:
    Series: IMF working paper ; WP/21, 208
    Subjects: Endogenous Growth; Monetary Policy; Optimal Inflation Target; Downward Wage Rigidity; Monetary Policy Invariance Hypothesis; Zero Lower Bound; Aggregate Human Capital; Employment; Intergenerational Income Distribution; Unemployment; Wages
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen