Philippe Aghion, Peter Howitt and Joel Mokyr win 2025 Nobel Prize in Economics

Howitt and Aghion received the honor for their endogenous growth model developed in the late 1980s. Mokyr was recognized for ...
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Monetary rules in a two-sector endogenous growth model

We study the balanced growth paths and their stability features of a monetary two-sector endogenous growth model with physical capital and human capital accumulation. The demand of money is motivated ...

Why 'creative destruction' defines this year's Economics Nobel Prize

Joel Mokyr, Philippe Aghion and Peter Howitt win 2025 Nobel in Economics for explaining innovation-driven growth and the ...
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Progressive consumption tax and monetary policy in an endogenous growth model

This paper analyzes the impact of the interaction between monetary policy and fiscal policy on the stability of an one-sector AK economy. The monetary authority pegs the money growth factor while the ...