medium term, challenging the exogenous technology assumption and the resulting dichotomy between business cycles and long …

mapping of theory into any desired measure of output, we establish that the same restrictions may be used to identify …

they do not affect total factor productivity in the short run but induce a strong permanent effect after five years. These …

business cycles and growth dynamics that is very far from the homogeneous one postulated in models based on the RAH. In this ….g. size, growth, and productivity). -- Financial Market Imperfections ; Business Fluctuations ; Economic Growth ; Firm Size … ; Firm Growth ; Productivity Growth ; Agent-Based Models …

Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of …. As in endogenous growth models, technological progress increases the number of varieties, raising average productivity …

Business cycles are substantially correlated across countries. Yet, existing models are not able to generate …

Business cycles are substantially correlated across countries. Yet most existing models are not able to generate …