spur a declining economic growth. Incidentally, this work questions the issue of measuring economic regularities through … the empirical literature on the finance-growth nexus. It highlights an array of statistical issues casting serious doubts … expansion and economic growth is non-linear. However, our estimates document an overall negative effect of expanding credit to …

TSL have an adverse effect on both TFP and output growth. Finally, the effect of WPR and TSL on the business cycle (shock …/output growth and the shock propagation mechanism results to provide strong evidence that Greece and to a lesser extent Spain and …

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. …

welfare gain from eliminating business cycles can exceed the gain from increasing the long-term growth rate by 1% forever. Our …

what that theory reveals about business cycles, growth, and labor economics. In Exploring General Equilibrium, Black … cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain …

aggregate labor supply and savings. Next, we turn to economic growth and describe how accounting for families is central for …