? How are wages determined? What role do labor market dynamics play in explaining business cycles and growth? The survey …

impact (manufacturing, agriculture and services) on economic growth through 1970 – 2011 and three cohorts. In these sense, it … hypothesis that the manufacturing sector boosts economic growth more than the others. This sector shows high persistence during … technification that supports its low contribution to economic growth previous to 2001 – 2011. …

We study the process of growth and business cycles in an open economy which has access to international ¯nancial … cycle dynamics. Financial market imperfections help in replicating the empirical fact that output growth shows positive …

We study the process of growth and business cycles in an open economy which has access to international financial … cycle dynamics. Financial market imperfections help in replicating the empirical fact that output growth shows positive …

these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the …

This paper proposes Bayesian estimates for welfare effects of consumption fluctuations and growth. Annual data from 82 … between the welfare gain from consumption stabilization and the welfare gain from growth yields inconclusive results for many …

Business cycles and growth are considered as independent fields for decades. Indeed, after the Second World War, when … macroeconomics began to develop through an increased use of mathematical models, the problem of analyzing growth-cycles dynamics … understanding detrended data movements; on the other side was long-run growth theory which analyzed the existence and the stability …