a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and …The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in … characterize optimal policies to subsidize research and trade in ideas, given both knowledge and search externalities. We discuss …

in a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and …"The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process … characterize optimal policies to subsidize research and trade in ideas, given both knowledge and search externalities. We discuss …