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1“...We develop a neoclassical growth model having a realistic demographic structure. We identify the critical channel of impact to be the intertemporal consumption...”
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2“...We extend the single-sector endogenous growth model to allow for a general demographic structure. The model shows that due to the "generational turnover term,"...”
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3by Stephen J. Turnovsky Published in Journal of money, credit and banking (01.10.2004)“...This paper analyzes the effects of fiscal policies in a non-scale growing economy with public and private capital. The equilibrium dynamics are characterized...”
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4by Oksana M. Leukhina Stephen J. Turnovsky Published in American economic journal. Macroeconomics (01.07.2016)“...The English structural transformation from farming to manufacturing was accompanied by rapid technological change, expansion of trade, and massive population...”
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5by Stephen J. Turnovsky Published in Economica (London) (01.01.2011)“...This paper discusses the impact of A. W. H. Phillips' seminal contributions to stabilization policy on subsequent developments in that field. We review the...”
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6by Francisco Alvarez-Cuadrado Goncalo Monteiro Stephen J. Turnovsky Published in Journal of economic growth (Boston, Mass.) (01.03.2004)“...Our objective is to investigate how alternative assumptions about preferences affect the process of economic growth. To do this, we analyze a neoclassical...”
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7“...This paper employs a dynamic two-sector dependent-economy model to study the impact of foreign transfers on a country's aggregate economic performance, as well...”
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8by CECILIA GARCÍA-PEÑALOSA STEPHEN J. TURNOVSKY Published in Journal of money, credit and banking (01.12.2011)“...We examine how changes in tax policies affect the dynamics of the distributions of wealth and income in a Ramsey model in which agents differ in their initial...”
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9“...We examine a growth model with consumption externalities where agents differ in their initial capital endowment and their reference group. We show under which...”
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10by Cecilia García-Peñalosa Stephen J. Turnovsky Published in Journal of money, credit and banking (01.03.2007)“...We develop an endogenous growth model with elastic labor supply, in which agents differ in their initial endowments of physical capital. In this context, the...”
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11by Turnovsky, Stephen J Published in Journal of economic dynamics & control (01.12.2015)“...The relationship between growth and inequality is complex. After discussing some general background issues, motivated by extensive empirical evidence this...”
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12“...Non-excludable and excludable public inputs are introduced into an endogenous growth model. We derive the equilibrium growth rate and design the optimal tax...”
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13“...This paper shows that for five small commodity-exporting countries that have adopted inflation targeting monetary policies, world commodity price aggregates...”
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14by Dioikitopoulos, Evangelos V Turnovsky, Stephen J Wendner, Ronald Published in International economic review (Philadelphia) (01.02.2020)“...This article advances the hypothesis that the intensity of status preferences depends negatively on the average wealth of society (endogenous dynamic status...”
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15“...Closing the small open economy model has been a stumbling block in studying the dynamic evolution of such models. The typical procedure of equating the...”
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16“...We develop a model in which public capital is both an engine of growth and a determinant of the distributions of wealth, income, and welfare. Government...”
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17“...This paper analyses the impact of public investment on the dynamics of private capital formation in an intertemporal optimising market-clearing framework. The...”
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19“...This paper explores the relationship between aggregate and relative congestion, returns to scale and economic growth. Aggregate congestion reduces the...”
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20“...This paper determines conditions under which a reduction in the role of government, either through a tax cut alone or together with accompanying expenditure...”