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The Transitional Dynamics of an Endogenous Growth Model: Generalizing Production Functions
(De Gruyter, 2012)
[Abstract]: This paper devises a class of endogenous growth models with physical capital, human capital
and product varieties. Unlike previous literature, we introduce a general specification of production that allows for ...
Reforma fiscal y bienestar: el caso de Chile
(Pontificia Universidad Católica de Chile, 2000)
[Abstract]: Welfare-maximizing fiscal structures are determined in a two-sector model of endogenous growth calibrated for the Chilean economy. Under the baseline, the current tax structure is found to be close to the optimal ...
The welfare cost of external habits: a quantitat ive assessment
(Universidad de Chile, 2010)
[Abstract]: This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation. Agent’s utility depends on both current
consumption and a reference consumption level ...
National vs. European mandate: a rational choice model of interest rate decisions by the European Central Bank
(2008-04-14)
The aim of this paper is to investigate to what extent the members of the Governing Council of the European Central Bank (ECB) act as if they had a national mandate, instead of acting in the interests of price stability ...
Inequality and Individuals’ Social Networks: The Other Face of Social Capital
(2021)
[Abstract] Social capital is a controversial concept, which is used in economics as a generic
form of pro-sociality and a simple means to introduce the social context into mainstream approaches. However, the accepted view ...
Government Responsiveness in Times of Internal Devaluation. Hints at a Crisis of Representation in Eurozone?
(Universidad Nacional Autónoma de México, 2021)
[Abstract] The research objective of this paper is to find out the best predictor of internal devaluation measures imposed by governmental decision. There are two competing hypotheses. On the one hand, political instability ...
La dependencia lineal del conjunto de trabajo en el método de conjunto activo que controla la inercia
(1998)
[Resumen]: Una hipótesis básica de los métodos de conjunto activo es la independencia lineal del conjunto de trabajo. Sin embargo, si el conjunto de trabajo contiene restricciones insatisfechas introduce el riesgo de que ...
Utility and Production Externalities, Equilibrium Efficiency and Leisure Specification
(Elservier, 2008)
[Abstract] This paper analyzes the implications that the specification of the leisure activity has on the equilibrium efficiency in a two-sector endogenous growth model with human capital accumulation. We
consider external ...
Equilibrium Efficiency in the Ramsey Model with Habit Formation
(De Gruyter, 2007)
[Abstract]: This paper analyzes the equilibrium efficiency in a Ramsey model with habit formation.
Uniqueness and saddle-path stability of the steady state is proved analytically. The competitive
equilibrium is efficient ...
Fiscal policy, congestion, and endogenous growth
(Willey, 2008)
[Abstract]: We devise an endogenous growth model with private and public physical capital, and human capital, which allows for relative and absolute congestion. According to empirical evidence, long-run growth is invariant ...
