This paper presents a disequilibrium macrodynamic model that incorporates certain
elements from Goodwin (the dynamics of the rate of employment and income distribution) …

We analyze the implications of innovation and social interactions on economic growth in a
stylized endogenous growth model with heterogeneous research firms. A large number of …

The present paper studies the interaction between short-run business cycle fluctuations and
economic growth at the empirical level. We identify a measure of potential output with that …

Existing evidence shows that human capital investment is countercyclical. In a dynamic
model, I show that countercyclical investment in human capital arises as a result of a …

This study demonstrates that business cycles with complex periodic fluctuations may arise in
an overlapping generations model with two-sided altruism. The structure of an equilibrium …

This paper presents a simple model of endogenous cycles. In the model, working
experience creates learning‐by‐doing externalities that improve labor productivity but it …

We develop a theory of growth and cycles that endogenously relates job flows, worker flows
and wages over the cycle to the processes of restructuring, innovation and implementation …

This study examines growth cycles in a simple discrete-time two-country model of
innovation. In this setting, we find that there are two key driving forces that give rise to cycles …

This paper presents a simple model of endogenous cycles. In the model, human capital has
a positive externality on labor productivity but it takes long time before the externality comes …