theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income … inequality. We conclude by proposing a 7-point agenda for future research …

The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the … average efficiency of investments fall along, dampening GDP growth. We further show that the prolonged period of very low …

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

distribution of consumption growth are heterogeneous. The benchmark case is when inequalities are permanent and relative risk …

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 …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

workers contribute positively. We propose a theoretical model, highlighting the relationship between demographics, innovation … and growth, whose simulations match our empirical findings. The current trend of population aging and reduced fertility is … found to reduce output growth and real interest rates across OECD countries …

interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U … result, the relationship between growth and inequality can take the form of a wave. This simple theoretical model is a …

between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U … relationship between growth and inequality can take the form of a wave. Secondly, we examine the issue of the existence of …

We estimate growth rates of real incomes in the U.S. by quintiles using the Congressional Budget Office's (CBO) post … labor” that do not increase either current purchasing power or utility. We estimate a high and a low growth rate using two … a multiple of 8.1 to a multiple of 11.3. We next estimate growth in welfare assuming diminishing marginal utility of …