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Solving the Neoclassical Growth Model with Quasi-Geometric Discounting: A Grid-Based Euler-Equation Method.
The key idea of this model is that firms are the result of an evolutionary process. Based on demand and supply considerations the evolutionary model presented here derives explic...
We consider the portfolio choice problem for an investor interested in long-run growth optimality while facing drawdown constraints in a general continuous semimartingale model. The paper introduces t...
We propose an extremely simple mathematical model that is shown to be able to account for more than 99 per cent of all the variation in economic and demographic macrodynamics of the world for almost t...
Gross Domestic Product(GDP) is a widely used measurement ofeconomic growth representing the market value of all final goods and services produced by a country within a given time. In this paper we que...
Economic growth is unpredictable unless demand is quanti ed. We solve this problem by introducing the demand for unpaid spare time and a user quantity named human capacity. It organizes and ampli es s...
The paper presents and tests a theory of the demand for money that is derived from a general equilibrium,endogenous growth economy, which in effect combines a special case of the shopping time exchang...
This paper uses forecast combination methods to forecast output growth in a seven-country quarterly economic data set covering 1959–1999, with up to 73 predictors per country. Although the forecasts b...

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