We investigate what happens to hours worked after a positive shock to technology, using the aggregate technology series …

innovative companies and effects on long-run growth operating through the disruption of preexisting R&D plans …

among heterogeneous firms triggered by nominal growth. Japanese firm-level data show that large firms invest more in R&D and …&D-driven endogenous growth with heterogeneous firms. The model shows that high nominal growth leads to an increase in the market share of … positive effect of monetary expansion on both real growth and welfare. The optimal nominal growth can be strictly positive even …

vertical and trade linkages in propagating growth shocks from both domestic sources and external sources is important. Second …, the growth impact of a few key sources of economic shocks is relatively large. These findings highlight that economic … between the industrial structure and economic growth and stability …

", as proxied by productivity growth shocks - in line with the Real Business Cycle framework -, and we provide empirical … evidence of a "demand granularity", based on investment growth shocks instead. The role of demand in explaining aggregate … fluctuations is further corroborated by means of a macroeconomic Agent-Based Model of the "Schumpeter meeting Keynes" family (Dosi …

to persistent fluctuations even when agents are very patient and technology is strictly convex. The model generates …We introduce a Ramsey growth model with incomplete markets, decentralized production, and idiosyncratic technological …

source of fluctuations in R&D investment while R&D technology shocks are important in driving aggregate output fluctuations …-specific shocks explain 70 percent of fluctuations of R&D investment, while R&D technology shocks explain 30 percent of the variation …The research and development (R&D) sector is considered one of the main driving forces of sustainable growth in the …