We construct a Dynamic Stochastic General Equilibrium model of the interaction between demography and the economy for six centuries of English history. At the core of the four overlapping generations, rational expectations model is household choice about target number and quality of children, as...

Measurement of R&D activities is fuzzy because of different opinions of recorders as to what counts as R&D. This can lead to downward bias of the estimates due to the classical errors-in-variables (CEV) problem. To solve this problem, one can compare the panel data estimates with cross-sectional...

Researchers and policymakers have developed numerousprograms intended to encourage the growth of small and medium-sized enterprises(SMEs). As inspired by a 2000 conference sponsored by the Organizationfor Economic Cooperation and Development (OECD) and the Italian government toassess these...

This paper proposes a new filter technique to separate trend and cycle based on stylised economic properties of trend and cycle, rather than relying on ad hoc statistical proper-ties such as frequency. Given the theoretical separation between economic growth and business cycle literature, it is...

This paper proposes a nonlinear teaching approach, based on learning theories in cognitive psychology, with a special focus on large-cohort economics modules. The fundamental rationale is to match the features of teaching with the nature of learning. This approach was implemented in an...

This paper proposes a nonlinear teaching approach, based on learning theories in cognitive psychology, with a special focus on large-cohort economics modules. The fundamental rationale is to match the features of teaching with the nature of learning. This approach was implemented in an...