This paper presents a general model of a competitive market with consumption externalities, and establishes the …

Many consumers care about climate change and other externalities associated with their purchases. We analyze the …

economic growth that has accumulated over the past quarter-century. The bulk of the historical evidence suggests that financial … development a¤ects economic growth in a positive, monotonic way, yet recent research endeavors have provided useful and … financial markets benefit society, as well as the channels through which finance can slow down long-term growth. …

explores implications for growth, innovation, inflation, financial markets, fiscal policy, and several socio-economic outcomes …

We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation …

endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance … fosters the correct allocation of financial resources, the fair redistribution of wealth and positive economic growth (the … financial system with the ability to create money ex nihilo, over time it drags the economy down to recession or negative growth …