Growth, Income Distribution, and the “Entrepreneurial State”

A new working paper by Luca Zamparelli and yours truly just appeared on the New School for Social Research Department of Economics Working Paper Series. The goal of the paper is to analyze the role of the government as a provider of infrastructure capital as well as financing public R&D in an otherwise standard model ...

Endogenous Cycles in the US

By Daniele Tavani Sunday, May 18, 2014 0 , , , Permalink 0

I've been working on refinements and extensions of the Goodwin (1967) model of the growth cycle (here is a short set of notes on it: ECON705_Goodwin) for a while. The Goodwin model is a very elegant, stylized framework representing the dynamics of employment (v) and income shares (omega) in a growing economy where capital accumulation is ...