This paper proposes the view that financial development and economic growth are linked through the characteristics of …

the studies of monetary policy have focused on the effect of exogenous money growth or interest rate shocks, recent …

This note starts from the premise that, in current debates on the impact of globalization on economic development, the …

a number of theoretical models on the interaction of fertility and human capital investments in growth. It provides …) and Soares (2002)) linking human capital investment and fertility in models of economic growth and demographic transitions …

This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … increase income inequality may temporarily boost a country’s income growth rate. Briefly put, a change in policy that reduces … redistributive transfers will free up resources to the households with the highest productivities, resulting in an aggregate growth …

The relationship between income distribution and economic growth has been found to depend on several factors such as … trade and openness. The current work assesses how income inequality influences growth stimating a reduced form growth … household income from national surveys, it is found that inequality and growth are positively related. When analysing different …

welfare gain from eliminating business cycles can exceed the gain from increasing the long-term growth rate by 1% forever. Our …

In this paper, I study the welfare properties of growth models with endogenous innovation, knowledge externalities, and … monopoly pricing of new goods. Since useful policy prescriptions cannot be inferred from a balanced growth analysis, welfare is …