This paper searches for a general equilibrium model of optimal growth and endogenous fiscal policy with the aim of …

In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a … dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties … economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …

Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and …. Given the importance of accounting for both the dynamics and the trends in the data not captured by the theoretical growth … the endogenous growth model or the standard real business cycle model better explains the observed variation in these …