This paper presents a three-class growth model with labour market conflict. The classes are workers, a middle-management middle class and a 'top' management capitalist class. The model introduces ...

We study the balanced growth paths and their stability features of a monetary two-sector endogenous growth model with physical capital and human capital accumulation. The demand of money is motivated ...

The latest winner of the Nobel Prize in Economic Sciences is Professor Paul Romer. He achieved this prestigious accolade for his work on endogenous growth theory Professor Paul Romer's theory ...

A revolutionary AI controller turns a once purely theoretical growth model into a practical policy tool, offering real-time stabilization even when economic data is incomplete. Research: A ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper describes a macroeconomic framework integrating disasters in the analysis of growth and long-term economic ...