the context of two partial equilibrium endogenous growth models. In our first model, the scale of fickle outside … investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In …

systematic relation between fast growth and preference for delayed consumption. The third part applies the methodology to the …

/capita growth, inflation, financial depth, institution, urban population growth and the real interest rate; a one standard deviation …

credit growth channels, with the animal-spirits and momentum channels playing the most important role in the boom and bust of …

growth channels, with the animal-spirits and momentum channels playing the most important role in the boom and bust of real …