We study a neoclassical growth model with the time preference determined by resources spent on imagining future pleasures along the line of Becker and Mulligan (Q J Econ 112:729—758, 1997). We ...

This paper develops a neoclassical model with private and public investment and several frictions that capture pervasive features in RRDCs, including absorptive capacity constraints, inefficiencies in ...

This is a preview. Log in through your library . Abstract This paper presents the results of an evaluation of the role of real cash balances as a factor input for 11 two-digit SIC code industries over ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Recently there have been a number of discussions concerning economic growth and global warming. Some have argued that the effort to prevent as much global warming as possible will incur unacceptable ...

Add articles to your saved list and come back to them any time. What can the theory of evolution tell us about how the economy works? A lot. But probably not what you think it does. Famous economists ...