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Technology (and Policy) Shocks in Models of Endogenous Growth

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NBER1999-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7063
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Is there a trade-off between fluctuations and growth? The empirical evidence is mixed, with some studies (Kormendi and Meguire (1985)) finding a positive relationship, while others (Ramey and Ramey (1995)) finding the a negative one. Our objective in this paper is to understand how fundamental
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1999-04-01
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