Add to ORKGThe macroeconomic experience of the last decade stressed the importance of jointly studying the growth and business cycle fluctuations behavior of the economy. To analyze this issue, we embed a model of Schumpeterian growth into an estimated medium-scale DSGE model. Results from a Bayesian estimation suggest that Investment risk premia are a key driver of the slump following the Great Recession. Endogenous innovation dynamics amplifies financial crises and helps explain the slow recovery. Moreover, financial conditions also account for a substantial share of R&D Investment dynamics
International audienceThis paper presents the family of the Keynes+Schumpeter (K+S, cf. Dosi et al, ...
In contrast to recent 'neo-Schumpeterian' models, which argue that business cycles are good for grow...
Schumpeter maintained that oscillations of macroeconomic variables are only the ``secondary wave''...
The macroeconomic experience of the last decade stressed the importance of jointly studying the grow...
The macroeconomic experience of the last decade stressed the importance of jointly studying the gro...
In this paper I incorporate a Schumpeterian mechanism of creative destruction in a standard DSGE fra...
We construct and estimate a model that features endogenous growth and technology diffusion. The spil...
Technology shocks are at the core of real business cycle models. Although tra-ditionaly described as...
We construct and estimate an endogenous growth model with debt and equity financing frictions to und...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
Current explanations why a growing economy necessarily goes through pe-riods of high and low growth ...
Schumpeter argued that economic downturns had positive effects, in the incentives that it provided f...
An electronic version of the paper may be downloaded • from the SSRN website: www.SSRN.com • ...
Abstract Schumpeter stated that "wave-like fluctuations in business...are the form economic dev...
The origins of business cycles are still controversial among macroeconomists. This paper contributes...
International audienceThis paper presents the family of the Keynes+Schumpeter (K+S, cf. Dosi et al, ...
In contrast to recent 'neo-Schumpeterian' models, which argue that business cycles are good for grow...
Schumpeter maintained that oscillations of macroeconomic variables are only the ``secondary wave''...
The macroeconomic experience of the last decade stressed the importance of jointly studying the grow...
The macroeconomic experience of the last decade stressed the importance of jointly studying the gro...
In this paper I incorporate a Schumpeterian mechanism of creative destruction in a standard DSGE fra...
We construct and estimate a model that features endogenous growth and technology diffusion. The spil...
Technology shocks are at the core of real business cycle models. Although tra-ditionaly described as...
We construct and estimate an endogenous growth model with debt and equity financing frictions to und...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
Current explanations why a growing economy necessarily goes through pe-riods of high and low growth ...
Schumpeter argued that economic downturns had positive effects, in the incentives that it provided f...
An electronic version of the paper may be downloaded • from the SSRN website: www.SSRN.com • ...
Abstract Schumpeter stated that "wave-like fluctuations in business...are the form economic dev...
The origins of business cycles are still controversial among macroeconomists. This paper contributes...
International audienceThis paper presents the family of the Keynes+Schumpeter (K+S, cf. Dosi et al, ...
In contrast to recent 'neo-Schumpeterian' models, which argue that business cycles are good for grow...
Schumpeter maintained that oscillations of macroeconomic variables are only the ``secondary wave''...