Advertisement · 728 × 90
#
Hashtag
#CEPR_MG
Advertisement · 728 × 90
Centre for Economic Policy Research
Centre for Economic Policy Research
@cepr.org
3 months ago
Post image

Top CEPR Discussion Paper of 2025 - DP19955
Fighting for Resources: A Unified Growth Model of the Great Divergence
Tanguy Le Fur & Etienne Wasmer
https://ow.ly/4lzu50XLr9E
#CEPR_EH #CEPR_MG #CEPR_PoE #EconSky #2025inReview

3 2 1 0
Centre for Economic Policy Research
Centre for Economic Policy Research
@cepr.org
3 months ago
Post image

Top CEPR Discussion Paper of 2025 - DP19943
Do Temporary Cash Transfers Stimulate the #Macroeconomy? Evidence from Four Case Studies
Valerie Ramey
https://ow.ly/pRhM50XLr81
#CEPR_MG #EconSky #2025inReview

1 2 1 0
Centre for Economic Policy Research
Centre for Economic Policy Research
@cepr.org
5 months ago
We propose a model of endogenous economic growth with "weak'' scale effects and diminishing returns to innovation at the micro level. In our model, entrants introduce new technologies through research and incumbents incrementally improve them through development. Over time, further improvement becomes harder such that firms ultimately run out of ideas and exit, paving the way for entrants that discover new technologies with further room for improvement. This turnover gives rise to a continuous stream of (temporary) opportunities for technological improvements that sustain economic growth. In a stationary equilibrium, the growth rate is constant and endogenous to market incentives.

We propose a model of endogenous economic growth with "weak'' scale effects and diminishing returns to innovation at the micro level. In our model, entrants introduce new technologies through research and incumbents incrementally improve them through development. Over time, further improvement becomes harder such that firms ultimately run out of ideas and exit, paving the way for entrants that discover new technologies with further room for improvement. This turnover gives rise to a continuous stream of (temporary) opportunities for technological improvements that sustain economic growth. In a stationary equilibrium, the growth rate is constant and endogenous to market incentives.

New CEPR Discussion Paper - DP20761 Resetting the Innovation Clock: Endogenous Growth through Technological Turnover
Philippe Aghion, @abergeaud.bsky.social, Timo Boppart, Jean-Félix Brouillette
cepr.org/publications...
#CEPR_MG #EconSky

0 2 0 0
Centre for Economic Policy Research
Centre for Economic Policy Research
@cepr.org
11 months ago
Post image

New CEPR Discussion Paper - DP20168
Global Networks, Monetary Policy, #Trade
@kalemli-ozcan.bsky.social, Can Soylu, Muhammed A. Yıldırım
Access the paper and accompanying slides free! cepr.org/publications...
#CEPR_IMF #CEPR_ITRE #CEPR_MEF #CEPR_MG

6 1 0 0
Centre for Economic Policy Research
Centre for Economic Policy Research
@cepr.org
1 year ago
A longstanding puzzle in macroeconomics is why individuals with similar levels of available liquidity can have very different marginal propensities to consume (MPCs). We use a new approach to better investigate differences in consumer behaviour in response to hypothetical, one-off gains and losses: using open-ended questions and text analysis to understand the motives underlying consumers decisions. High-liquidity individuals with high MPCs often cite mental accounting motives. Apparently illiquid individuals report a range of coping mechanisms in response to a loss, including labour supply responses, relying on friends and family and selling possessions. This implies greater effective liquidity than narrow financial measures indicate.

A longstanding puzzle in macroeconomics is why individuals with similar levels of available liquidity can have very different marginal propensities to consume (MPCs). We use a new approach to better investigate differences in consumer behaviour in response to hypothetical, one-off gains and losses: using open-ended questions and text analysis to understand the motives underlying consumers decisions. High-liquidity individuals with high MPCs often cite mental accounting motives. Apparently illiquid individuals report a range of coping mechanisms in response to a loss, including labour supply responses, relying on friends and family and selling possessions. This implies greater effective liquidity than narrow financial measures indicate.

New CEPR Discussion Paper
DP19628 What would you do with £500? (...in your own words)
Thomas Crossley (University of Michigan), @peterlevell.bsky.social (@theifs.bsky.social), Sofía Sierra Vásquez (EUI)
cepr.org/publications...
📉📈 #EconSky
#CEPR_MG #CEPR_PE

3 1 0 0
Yuriy Gorodnichenko
Yuriy Gorodnichenko
@ygorodnichenko.bsky.social
1 year ago
Post image

New CEPR Discussion Paper - DP19555

How to Rebuild #Ukraine: A Synthesis and Critical Review of Policy Proposals

Torbjorn Becker, Yuriy Gorodnichenko, Beatrice Weber di Mauro

ow.ly/zyXC50TFoOt
#CEPR_IMF #CEPR_MG #economics #EconSky

3 0 0 0