in the social cost of carbon (SCC). Consumption growth, aggregate consumption volatility, and the climate beta depend on …

Recent empirical work has established that 'democracy causes growth'. In this paper, we determine the underlying … the market, endogenously form an 'economic blueprint for growth', which likely differs across countries. We take our model … institutions, as witnessed recently in many countries, may jeopardise the perpetual growth effect of becoming a liberal democracy …

We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While … that it does not have the potential to lead to positive long-growth. The reason is that automation suppresses wages, which … are the only source of investment because of the demographic structure of the overlapping generations model. This result …