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Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare
"We study the general equilibrium implications of different fiscal policies on macroeconomic quantities, asset prices, and welfare by utilizing two endogenous growth models. The expanding variety model features only ...
Heterogeneity in the Internationalization of R&D: Implications for Anomalies in Finance and Macroeconomics
Empirical evidence suggests that investments in research and development (R&D) by older and larger firms are more spread out internationally than R&D investments by younger and smaller firms. In this paper, I explore the ...