Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different …