factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to … for both growth and inequality. Calibrated TFP growth is consistent with the results from nonparametric growth accounting … more problems to modelling inequality than with growth: in particular, the main models in the literature, which take skill …

model's prediction. In the presence of nominal price rigidity faster growth is shown to lead to lower unemployment if the … rate of inflation is relatively high, as was the case in the 1970s. In general, the effect of growth on unemployment is … shown to be non-monotonic. There is a threshold level of inflation below (above) which faster growth leads to higher (lower …

The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …

as the consumption-wealth ratio, the growth rate of wealth, and welfare, in a two-country world, based on a portfolio … sharing. The theoretical results for the growth rate depend on differences on productivities and consumption-wealth ratios …

between windfall profits, growth and households’ welfare is less straightforward than what the simple model of the "resource … productivity enhancing investments and an oil fund is crucial to achieving both shared growth and macroeconomic stability …

growth and convergence of an economy towards the world technology frontier …We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and …

growth strategy. …