“...A major development in recent decades in industrialized countries is the decline in national savings rates. Over the same period, in many countries the labor's...”

“...Maccini, Moore, and Schaller (2004, hereafter MMS) recently uncovered a long-run inverse relationship between interest rates and finished goods in a number of...”

“...There is now considerable evidence that a range of institutional, legal, cultural, political and religious variables determine financial development. But...”

“...This paper analyzes the interaction between inflation and the long-run levels of employment and output growth in a Schumpeterian growth model with quality...”

“...The communication of ideas fosters technological progress and prevents regress. This paper develops a growth model wherein an economy's technology is...”

“...We provide an explanation for the high equity premium and related puzzles based on persistent dividend growth and idiosyncratic income risk that have...”

“...This paper analyzes an urn-ball matching model in which workers decide how intensively they sample job openings and apply at a stochastic number of suitable...”

“...This study examines the effect of shocks observed in financial markets on output and employment during the Great Depression. We present three main findings...”

“...People who face adverse economic prospects save in order to maintain consumption. During wars and other periods of distress, the incentive to save was so...”

“...This paper studies the role of investment-specific shocks as an amplification mechanism of labor market fluctuations. We first show evidence suggesting that...”