Dinopoulos, Elias; Grieben, Wolf-Heimo; Sener, Fuat - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2012
This paper adopts a Neo-Schumpeterian approach to macroeconomics, by proposing a model which includes fully-endogenous growth, involuntary search-based unemployment, and financial frictions. The model analyzes the effects of several recovery policies used by governments to fight unemployment...