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We examine the dynamic properties of an endogenous growth model with an explicit R&D sector in order to evaluate its ability to propagate temporary disturbances into persistent fluctuations in macroeconomic variables. We demonstrate that a large proportion of the variability and persistence of...
Persistent link: https://www.econbiz.de/10005360596
This document describes the data collection and use of data for the computation of rankings within RePEc (Research Papers in Economics). This encompasses the determination of impact factors for journals and working paper series, as well as the ranking of authors, institutions, and geographic...
Persistent link: https://www.econbiz.de/10010559899
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"The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of … between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which … Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely forgo …
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"This paper shows that economic fluctuations can be largely demand-driven. In particular, the stylized open-economy business cycle regularities documented by Feldstein and Horioka (1980) and Backus, Kehoe and Kydland (JPE 1992) can be explained by the standard general equilibrium theory if...
Persistent link: https://www.econbiz.de/10002956729
.S., such as the productivity slowdown, increased labor force participation by women, and the "new economy" of the 1990s. We …
Persistent link: https://www.econbiz.de/10002496908
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