-founded long-run economic growth model with normalized CES technology and endogenous labor- and capital-augmenting technical change … growth path as well as stable limit cycles via Hopf bifurcations. Both predictions are broadly in line with the empirical …

This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from … outlook for economic growth, thereby providing a rationale for fiscal rules ensuring sustainability. Our results show that the … (change in the population growth rate) under different fiscal policy scenarios. …

This paper studies stabilisation policies in a multi-country currency union of small open economies. It abstracts from … exogenous to the factors studied here. Demand-side shocks hamper monetary union stabilisation unless members face identical … output-inflation tradeoffs and their business cycles are perfectly synchronised. Under supply shocks, welfare implications …

This paper presents a two period overlapping generations model with endogenous growth in the presence of a public … growth of the economy. In addition the transitional process towards fiscal targets critically depends on the adjustment tool …