capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … welfare and the growth rate. With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio …

This paper studies the relationship between political conflict and economic growth in a simple model of endogenous … growth with distributive conflicts. We study both the case of two "classes" (workers and capitalists) and the case of a … income and growth. For example, it is shown that policies which maximize growth are optimal only for a government that cares …

allows us to estimate economic growth by income groups, race, and gender consistent with quarterly releases of macroeconomic … growth, and to track the distributional impacts of government policies during and in the aftermath of recessions in real time … the recession. Although the recovery was primarily driven by jobs rather than wage growth, wages experienced significant …