Howitt and Aghion received the honor for their endogenous growth model developed in the late 1980s. Mokyr was recognized for ...

Today’s Economics Nobel is shared between Joel Mokyr, an economic historian, and macroeconomists/ growth theorists Philippe ...

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 ...

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 ...

Joel Mokyr, Philippe Aghion and Peter Howitt win 2025 Nobel in Economics for explaining innovation-driven growth and the ...

Although their scholarly contributions explore interconnected themes, the uniqueness of this year’s award lies in its ...

The Royal Swedish Academy of Sciences awarded the three economists "for explaining innovation-driven economic growth." ...