Dynamic General Equilibruim Theory and Aggregate Phenomena

这个项目追求动态中重要的、未解决的问题。 一般均衡理论 第一部分发展凸 内生增长模型，特别强调 以下几个方面：（1）增长决定因素分析 和持续增长的可能性;（2）研究 创新或新产品开发的过程;以及（3） 研究税收的动态影响。 该项目探讨 这三个领域之间的联系，并扩展这项工作 进入开放经济环境。 第二部分涉及一般均衡模型的使用， 不完全竞争来理解聚合现象。 在 特别是，这些模型被用来研究的存在， 凯恩斯主义的“低产出”均衡和失业， 收益递增和私人信息。 这项研究应该为经济增长提供新的见解， 技术变革和税收政策。 以前的工作 研究人员将动态税收的文献与 增长的决定因素表明，不同的税收政策， 贸易政策可能会产生永久性的差异， 不同国家的增长率。 该项目将扩大 过去的工作，特别强调市场的影响， 电力、教育和不同的经济政策， 开放经济中的经济增长。

This project pursues significant, unresolved questions in dynamic general equilibrium theory. The first part develops convex models of endogenous growth with special emphasis on the following areas: (1) the analysis of the determinants of growth and the possibility of sustained growth; (2) the study of the process of innovation or new product development; and (3) the study of the dynamic effects of taxation. The project explores the connections between these three areas and extends this work into open economy settings. The second part concerns the use of general equilibrium models of imperfect competition to understand aggregate phenomena. In particular, these models are used to study the existence of Keynesian "low output" equilibria and unemployment due to increasing returns and private information. This research should provide new insights into economic growth, technological change and tax policy. Previous work by the investigator tying the literatures on dynamic taxation and the determinants of growth demonstrates that different tax policies and trade policies can generate permanent differences in the growth rates of different countries. This project will extend the past work with special emphasis on the effect of market power, education and different economic policies on sustained economic growth in an open economy.