We study monetary policy in a New Keynesian (NK) model with endogenous growth and knowledge spillovers external to each … firm. We find the following results: (i) technology and government spending shocks have different effects on growth; (ii …) disinflationary monetary policies entail positive effects on growth; (iii) the optimal long-run inflation rate is zero; (iv) the …

growth performance directly or indirectly through the above exogenous shocks. The focus, mostly but not exclusively … economic growth. …

productivity growth. This suggests that increasing the workforce�s level of educational attainment is crucial to overcome the … sector. Firm-level evidence shows that the growth in graduate employment is due almost entirely to a �within� firm … stagnation in productivity that has characterized the Italian economy since the mid-nineties. …

foster health in the long run, while the second, stimulating productivity and growth makes more resources available for …The paper addresses the issue of dynamic relationships between environment, health and growth. Its aim is to show that … improvement, due to sanitation and health infrastructures, possible because of income growth, leads to a better health, followed …

shocks on productivity to replicate the differences in the business cycle behavior of output and consumption across countries …, especially the excess volatility of consumption in SSA countries. Our results suggest a strong relationship between the weight of …