A Simple Business-Cycle Model with Schumpeterian Features

Business Cycle Features In The Iranian Economy

Government Spending Composition in a Simple Model of Schumpeterian Growth

This paper investigates the relevance of government purchasing behavior for innovationbased economic growth. We construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy’s rate of technological change. We incorporate results of various empirical studies arguing that public sector demand acts as incentive for private innovation a...

business cycle features in the iranian economy

Bifurcations in a Stochastic Business Cycle Model

We introduce a stochastic business cycle model and study the underlying stochastic Hopf bifurcations with respect to probability densities at different parameter values. Our analysis is based on the calculate of the largest Lyapunov exponent via multiplicative ergodic theorem and the theory of boundary analysis for quasi-non-integrable Hamiltonian systems. Some numerical simulations of the mode...

Money in a Real Business Cycle Model

This paper constructs a real business cycle model in which real money balances yield utility. I calibrate the model to fit the first moments of U.S. data and I simulate a set of impulse response functions that are generated by the model for GDP, the rate of interest, money growth, and real balances. These theoretical impulse responses are compared with actual impulse responses from U.S. data. T...