sovereign is not a reliable measure of austerity suffered; and that austerity may actually be associated with higher growth. Our …

us to interpret the empirical observation that growth volatility is lower in countries with strong executive constraints …. We ?t the model to growth data and use our estimates to describe the heterogeneity in performance of weak and strong …

In recent years the growth pattern of most Southern European countries has been disturbed, as those countries are … model of market and political power interactions that explains this growth reversal. Moreover, the model is consistent with … output growth. The model is a synthesis of the insiders-outsiders labor market structure and the concept of an elite …

We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with … realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with …

We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a … standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in … often. During transition, (i) high overall growth is achieved when the network has high degree centralization and the most …

leverage episodes have been associated with slower economic growth and a higher incidence of default or, more generally …

evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …

We study a dynamic model where growth requires both long-term investment and the selection of talented managers. When …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development — periods when legal … excessive (greater than first-best) R&D investment and output growth. …