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Fiscal stimulus: A neoclassical perspective

Strulik, Holger; Trimborn, Timo - 2009

Can a large-scale defcit spending program speed up recovery after recession? To answer that question we calibrate a standard neoclassical growth model with US data and assume that an exogenous shock has driven aggregate output far below steady-state level. We calibrate the model such that a...

Persistent link: https://www.econbiz.de/10010270052

The history augmented Solow model

Dalgaard, Carl-Johan; Strulik, Holger - 2010

Unified growth theory predicts that the timing of the fertility transition is a key determinant of contemporary … comparative development, as it marks the onset of the take-off to sustained growth. Neoclassical growth theory presupposes a take …

Persistent link: https://www.econbiz.de/10010289000

Knowledge and growth in the very long run

Strulik, Holger - 2010

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …

Persistent link: https://www.econbiz.de/10010289011

Knowledge and growth in the very long run

Strulik, Holger - 2012

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …

Persistent link: https://www.econbiz.de/10010311672