This paper presents a pedagogical neokeynesian model without the LM curve. Standard IS-LM Features are present, like multiplier analysis, liquidity trap or Mundell-Fleming results. Furthermore, the distinction between inflation determination and price-level determinatiuon is completed, in link...

<alinea/> Since the Barro (1990) model, the theoretical literature emphasizes the existence of an inverted-U curve between taxes and economic growth, in the spirit of the ?Laffer curve?. Nevertheless, empirical evidence does not seem to support this result. We show that this dilemma disappears once we...

This paper presents a simple endogenous growth model in which the financial sector improves the efficiency of the savings transformation into investment. The model suggests that multiple endogenous growth paths can exist and the possibility of non-linear relationship between financial...