CORDIS Project
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This project develops a unified economic framework to analyze the relationship between business cycles and long-term productivity growth. It combines insights from Keynesian economics and endogenous growth theories to understand the effects of monetary and fiscal policies on economic fluctuations.
The macroeconomic literature has traditionally separated the study of business cycles from the analysis of long-run productivity growth.
Yet, the interactions between economic fluctuations, productivity growth and stabilization policies are well present in the policy debate, especially since the start of the Great Recession.
In this proposal, I will develop a Keynesian growth framework to study business cycles and growth in a unified theory.
The framework combines the Keynesian insight that fluc…
Centre de Recerca en Economia Internacional (CREI)
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