Is there a trade-off between fluctuations and growth? The empirical evidence is mixed, with some studies (Kormendi and Meguire (1985)) finding a positive relationship, while others (Ramey and Ramey (1995)) finding the a negative one. Our objective in this paper is to understand how fundamental...

Is there a trade-off between fluctuations and growth? The empirical evidence is mixed, with some studies (Kormendi and Meguire (1985)) finding a positive relationship, while others (Ramey and Ramey (1995)) finding the a negative one. Our objective in this paper is to understand how fundamental...

Our objective is to understand how fundamental uncertainty can affect the long-run growth rate and what factors determine the nature of the relationship. Qualitatively, we show that the relationship between volatility in fundamentals and policies and mean growth can be either positive or...

Der Beitrag befasst sich mit der Frage, welche Potenziale die Nanotechnologie für eine lange Welle des ökonomischen Fortschritts birgt. Nach Betrachtung ihrer verschiedenen sozioökonomischen Dimensionen kann festgehalten werden, dass die Nanotechnologie zu Recht als eine Schlüsselinnovation...