basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations …

Output fluctuations are driven by expectations about the degree of competition in the product market (and R&D sector … severer, (iii) the amplitude of fluctuations becomes larger, (iv) the variance of output changes ambiguously, indicating a non …-linear relation. Once the growth of labour productivity is endogenised with learning-by- doing, it grows faster in contraction if the …

This paper develops and analyzes a macroeconomic model in which aggregate growth and fluctuations arise from the … aggregates that grow and fluctuate much like the data. The key feature of post-war growth are explained by new technologies that … implies a negative trend in technological dispersion, and that the generally lower growth witnessed during the last two …