In an endogenous growth model where the fiscal authority cannot commit to policy decisions beyond the current period, we explore the time-consistent optimal choice for two policy instruments: the income tax rate and the split of government spending between utility bearing consumption and...

Introduction -- The Neoclassical GrowthModel Under a Constant Savings Rate -- Optimal Growth: Continuous Time Analysis -- Optimal Growth: Discrete Time Analysis -- Numerical Solution Methods -- Endogenous Growth Models -- Additional Endogenous Growth Models -- Growth in Monetary Economies:...

This is a book on deterministic and stochastic Growth Theory and the computational methods needed to produce numerical solutions. Exogenous and endogenous growth models are thoroughly reviewed. Special attention is paid to the use of these models for fiscal and monetary policy analysis. Modern...

This study explores relationships between best practices in human resource (HR) management and the humanization of production processes. The study analyzes how best practices in HR management affect organizational health, productivity, and competitiveness in 4 workplaces with 480 employees....

This paper provides empirical evidence on monetary policy making for the US, the UK and the EMU using the decomposition in persistent and transitory monetary shocks proposed in Andolfatto, Hendry, and Moran [Journal of Monetary Economics 55 (2008) 406–422]. We use the particle filter to...

Over the last years, the business cycles of the Spanish economy have been analyzed from different points of view. Under the paradigm of the real business cycles, the standard model has been extended in several dimensions. However, none of them have taken into account the fact that in this...