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Goodwin's model is a set of ordinary differential equations and is a well-known model of the growth cycle. However, its …
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, Goodwin showed that the equilibrium becomes unstable when endogenous productivity growth is considered. I study the …
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We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
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This paper investigates private net saving in the US economy - divided into its principal components, households and (nonfinancial) corporate financial balances - and its impact on the GDP cycle from the 1980s to the present. Furthermore, we investigate whether the financial markets (stock...
Persistent link: https://www.econbiz.de/10010281740
Central America experienced moderate growth during the last decade, including in the years leading up to the global … imply that these trends will continue. What can be done to spur higher growth in Central America? We bring new data to bear …-country panel regression of economic growth using System GMM captures the importance to growth of conditional convergence, factor …
Persistent link: https://www.econbiz.de/10009369454