There is a recent strand of literature which suggests that second order approximations of linear quadratic objective functions in the steady state vicinity, namely when assuming stochastic scenarios, lead to very interesting and useful results. For example, applications in monetary policy resort...

The traditional assumption concerning endogenous labor supply in models of economic growth is that utility increases with leisure, independently of the specific time allocation of the representative agent observed at a given moment. In this note, we explore the consequences, over dynamic...

The paper develops an AK endogenous growth model with an endogenously determined rate of intertemporal preference. Following some of the related literature, we assume that the degree of impatience that is revealed by the representative agent, regarding future consumption, depends on income. To...

O progressivo avolumar de transacções em bens-conhecimento ou bens digitais caracteriza uma nova realidade, que tem funcionado como mola impulsionadora do crescimento sustentado no mundo desenvolvido e que reaviva a importância de alguns elementos da organização económica da sociedade. Um...