We show that the two-sector version of the AK model proposed by Rebelo (1991) can be read as an endogenous growth extension of Greenwood, Hercowitz and Krusell (1997). By confining constant returns to capital to the investment goods sector, the model generates endogenously the secular downward...

This paper analyzes the performative impact of the European Commission's model for estimating 'potential output', which is used as a yardstick for measuring the 'structural budget balance' of EU countries and, hence, is crucial for coordinating European fiscal policies. In pre-crisis years,...

This paper studies the conceptualization and quantification of 'competitiveness' within the main policy coordination framework of the EU, the European Semester. This topic warrants attention since 'competitiveness' is not only of central importance in the European policy discourse, but also a...

This paper studies the conceptualization and quantification of 'competitiveness' within the main policy coordination framework of the EU, the European Semester. This topic warrants attention since 'competitiveness' is not only of central importance in the European policy discourse, but also a...