The notion of new economy was coined in the United States when there was increasing evidence that, as a result of the introduction of new technologies, the traditional behavior of macroeconomic variables might have changed. The expansion of the 1990s differed from its predecessors in three...

"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex political economy process, where legitimate social goals are mixed with the objectives of particular interest groups. Whatever its justification and objectives, regulation can...

My thesis is centered on the macroeconomic causes and consequences of income inequality. The first two essays develop theoretical frameworks to analyze the impact of income inequality on technical change and long-term economic growth. These essays sprung from the very fruitful collaboration with...