In this paper, we propose an evolutionary growth model in which an innovative production sector interacts with a simplified banking sector. We explore the relationships between long-term sources of growth (technological change), and short-term/mid-term factors (such as price dynamics and...

We propose a simple macrodynamic model to rethink some standard policy prescriptions. Our model includes exogenous growth, endogenous investment, demand-driven production and employment, a dynamic Phillips curve, and fiscal and monetary policy instruments. The model has multiple steady states...

In this work we explore the dynamics of the savings ratio in the economy and its possible relationships with employment and growth rates. We set out from evolutionary economics and previous literature regarding studies of the labor market. The non-linear dynamic models we propose generate...