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Labor market dynamics, endogenous growth, and asset prices
Donadelli, Michael; Grüning, Patrick - 2016
Persistent link: https://www.econbiz.de/10011720419
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Endogenous growth, countercyclical dividends, and asset prices
Filep-Mosberger, Palma; Kaszab, Lorant; Ren, Zhou - 2023
horizontal and vertical innovation match financial data well due to countercyclical dividends which are either procyclical or … acyclical in US data. Countercyclical dividends redistribute income from consumption towards investment in innovation improving … growth prospects which are reflected in asset prices. In the horizontal innovation model of Kung and Schmid (2015 …
Persistent link: https://www.econbiz.de/10014251243
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Innovation dynamics and fiscal policy : implications for growth, asset prices, and welfare
Donadelli, Michael; Grüning, Patrick - 2017 - This version: April 13, 2017
, incumbents. With these models at hand, we provide new insights on the interplay of innovation dynamics and fiscal policy. …
Persistent link: https://www.econbiz.de/10011637958
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International endogenous growth, macro anomalies, and asset prices
Grüning, Patrick - 2015 - This version: January 22, 2015
This paper studies a two-country production economy with complete and frictionless financial markets and international trade of final goods in which competition in R&D leads to endogenous new firm creation and economic growth. Current monopolists ("incumbents") and potential new firms...
Persistent link: https://www.econbiz.de/10010468546
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International endogenous growth, macro anomalies, and asset prices
Grüning, Patrick - 2016 - This version: July 20, 2016
enables the model to replicate the empirically rather moderate correlation between the R&D innovation probabilities of …
Persistent link: https://www.econbiz.de/10012061634
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The implications of innovations and wage structure rigidity on economic growth and unemployment : a Schumpeterian approach to endogenous growth theory
Nusser, Michael - 1998
explicity on innovation as an economic activity with different economic causes and effects, this article tries to open the door …
Persistent link: https://www.econbiz.de/10010499044
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The implications of wage structure rigidity on human capital accumulation, economic growth and unemployment : a Schumpeterian approach to endogenous growth theory
Nusser, Michael - 1999
accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity …
Persistent link: https://www.econbiz.de/10010499923
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International endogenous growth, macro anomalies, and asset prices
Grüning, Patrick - 2016
Persistent link: https://www.econbiz.de/10011721002
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Innovation dynamics and fiscal policy : implications for growth, asset prices, and welfare
Donadelli, Michael; Grüning, Patrick - 2017
Persistent link: https://www.econbiz.de/10011721054
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Endogenous growth, downward wage rigidities and optimal inflation
Abbritti, Mirko; Consolo, Agostino; Weber, Sebastian - 2021
Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions, endogenous productivity and downward wage rigidity...
Persistent link: https://www.econbiz.de/10012605466