“...By relaxing the restrictions commonly imposed on the magnitude of capital externalities in one-sector models with Cobb–Douglas technology, we find that...”

“...This paper incorporates a monopolistically competitive market for deposits a la’ Salop (1979) into an overlapping generations growth model a la’ Diamond...”

“...This paper presents some new results on the effects of technology shocks on hours worked based on structural VAR specifications containing various measures of...”

“...Although a large number of studies have been done on intergenerational transfers of goods, little is known about intergenerational transfers of time. In step...”

“...We show that in a canonical one-sector AK model of endogenous growth with a generalized cash-in-advance constraint, the growth and velocity effects of money...”

“...This paper employs an endogenous growth model to analyze the growth and inequality relation for a small open economy where agents differ in their initial...”

“...This paper deals with active monetary policy and interest-rate smoothing regimes. In active monetary policy, changes in short-term interest rates are due to...”

“...We derive a set of stylized facts on the effects of non-systematic fiscal policy in the four largest countries of the Euro area. We find relevant differences...”

“...This paper shows that for standard calibration of the [Calvo, G., 1983. Staggered prices in a utility-maximizing framework. Journal of Monetary Economics 12,...”

“...An investment model with informational frictions and uncertainty is developed to capture the asymmetric dynamics of business cycles. When hit by a negative...”