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 paper, we formally discuss the Sarewitz-Nelson rules for technological fixes (SN-rules). In their original form, the SN-rules were formulated from an implicit theoretical framework such that they define a broad technology assessment heuristic. This formulation has advantages and...

We propose an evolutionary model in which boundedly-rational firms compete and learn in a dynamic oligopoly with imperfect information and evolving degrees of market power. Firms in the model set prices according to distinct routines, and they try to make profits by capturing market share. The...