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Jones, Larry E. - 1993

rate of inflation could affect the overall long-run rate of growth of the economy. The first of these is through nominal … money supply are studied. It is found that both the welfare costs of inflation and its growth effects are quite small at low … to moderate levels of inflation. However, at rates of inflation that are high by U.S. standards but not uncommon in …

Persistent link: https://www.econbiz.de/10012474419

The Phillips Curve is Back? Using Panel Data to Analyze the Relationship Between Unemployment and Inflation in an Open Economy

DiNardo, John - 1999

inflation expectations. We develop this measure using assumptions common in economic analysis of open economies. Using quarterly …

Persistent link: https://www.econbiz.de/10012471456

A Theory of Endogenous Degrowth and Environmental Sustainability

Aghion, Philippe; Boppart, Timo; Peters, Michael; … - National Bureau of Economic Research - 2025

We develop and quantify a novel growth theory in which economic activity endogenously shifts from material production to quality improvements. Consumers derive utility from goods with differing environmental footprints: necessities are material-intensive and polluting, while luxuries are more...

Persistent link: https://www.econbiz.de/10015421878

The Race Between Machine and Man : Implications of Technology for Growth, Factor Shares and Employment

Acemoglu, Daron - 2016

We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and...

Persistent link: https://www.econbiz.de/10012456424

Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

Anzoategui, Diego - 2016

We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We first present some panel data evidence that technology diffusion is highly cyclical. We then develop...

Persistent link: https://www.econbiz.de/10012456668

Taxation, Corruption, and Growth

Aghion, Philippe - 2016

We build an endogenous growth model to analyze the relationships between taxation, corruption, and economic growth. Entrepreneurs lie at the center of the model and face disincentive effects from taxation but acquire positive benefits from public infrastructure. Political corruption governs the...

Persistent link: https://www.econbiz.de/10012456744

Immigration, Human Capital Formation and Endogenous Economic Growth

Ehrlich, Isaac - 2015

Census data from international sources covering 77% of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the US, has been rising over the last 4 decades. Moreover, the population share of skilled migrants has been approaching...

Persistent link: https://www.econbiz.de/10012456971

Knowledge, Human Capital and Economic Development : Evidence from the British Industrial Revolution, 1750-1930

Khan, B. Zorina - 2015

Endogenous growth models raise fundamental questions about the nature of human creativity, and the sorts of resources, skills, and knowledge inputs that shift the frontier of technology and production possibilities. Many argue that the nature of early British industrialization supports the...

Persistent link: https://www.econbiz.de/10012457813

Inter-temporal R&D and Capital Investment Portfolios for the Electricity Industry’s Low Carbon Future

Santen, Nidhi R. - 2014

This paper explores cost-effective low-carbon R&D and capital investment portfolios for the electricity generation sector through 2060. We present a novel method for long-term planning by combining an economic model of endogenous non-linear technical change and a generation capacity planning...

Persistent link: https://www.econbiz.de/10012457883

Transition to Clean Technology

Acemoglu, Daron - 2014

We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation--in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to...

Persistent link: https://www.econbiz.de/10012457923