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Some political determinants of economic growth : theory and empirical implications

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Growth and heterogeneity : theory and applications with many agent types

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Optimal Fiscal Policy in an Economy Facing Socio-Political Instability

Ghate, Chetan; Le, Quan Vu; Zak, Paul J. - 2002

We present a model of optimal government policy when policy choices may exacerbate socio-political instability (SPI). We show that optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The resulting...

Persistent link: https://www.econbiz.de/10010260637

Currency crises, monetary union and the conduct of monetary policy : a debate among leading economists

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