Globalization, Specialization and Innovation Dynamics.- Savings, Investment and Growth: New Approaches for … Macroeconomic Modeling -- Economic Integration, Technological Progress and Growth -- Impact of the Real Exchange Rate on Trade …, Structural Change and Growth -- Macroeconomic Aspects of Opening Up, Unemployment, Growth and Transition -- Productivity Shocks …

particular focus on the role played by financial frictions and investment dynamics. The paper provides two main contributions …. First, we empirically document that lower investment during financial crises is the key factor leading to permanent loss of …

significantly slowed down output growth between 2010 and 2015. A partial-equilibrium aggregation exercise suggests output would be …