Remarks at the Whitman School of Management at Syracuse University, Syracuse, New York.

Remarks at the Council of Society Business Economists Annual Dinner, London, United Kingdom.

Remarks at E-3 Summit of the Americas: Export Trade Basics Forum 101, San Juan, Puerto Rico.

Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.

The key feature of endogenous growth models is that they imply that permanent changes in government policy can have permanent effects on growth rates. In this paper, we develop and implement an empirical framework to test this implication. In a regression of growth rates on current and lagged...