Search Results - "Manuelli, Rodolfo E."

Human capital and the wealth of nations by Manuelli, Rodolfo E, Seshadri, Ananth

“…We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and…”
Get full text

Frictionless Technology Diffusion: The Case of Tractors by Manuelli, Rodolfo E., Seshadri, Ananth

“…Many new technologies display long adoption lags, and this is often interpreted as evidence of frictions inconsistent with the standard neoclassical model We…”
Get full text

AIDS, human capital and development by Manuelli, Rodolfo E., Yurdagul, Emircan

“…We develop a general equilibrium model to study the impact of HIV/AIDS on human capital accumulation decisions and on aggregate output. We calibrate the model…”
Get full text

Explaining international fertility differences by Manuelli, Rodolfo E., Seshadri, Ananth

“…Why do fertility rates vary so much across countries? Why are European fertility rates so much lower than American fertility rates? To answer these questions…”
Get full text

Optimal Taxation in Models of Endogenous Growth by Jones, Larry E., Manuelli, Rodolfo E., Rossi, Peter E.

“…We study the problem of optimal taxation in three infinite-horizon, representative-agent endogenous growth models. The first model is a convex model in which…”
Get full text

WHY ARE MARRIED WOMEN WORKING SO MUCH? by Jones, Larry E., Manuelli, Rodolfo E., McGrattan, Ellen R.

“…We study the large observed changes in labor supply by married women in the United States over the post-World War II period, a period that saw little change in…”
Get full text

Policy Instability and the Risk-Return Trade-Off by Manuelli, Rody, Martinez-Gutierrez, Jose

“…What is the impact of large swings in economic policy on the risk-return trade-off faced by investors? What is the impact of changes in policy regimes on…”
Get full text

What Determines Debt Maturity? by Manuelli, Rodolfo E

“…What determines the maturity structure of debt? In this article, I develop a simple model to explore how the optimal maturity of debt issued by a firm (or a…”
Get full text

Endogenous Policy Choice: The Case of Pollution and Growth by Jones, Larry E., Manuelli, Rodolfo E.

“…What determines the relationship between pollution and growth? Are the forces that explain the behavior over time of these quantities potentially useful for…”
Get full text

Fluctuations in convex models of endogenous growth, I: Growth effects by Jones, Larry E., Manuelli, Rodolfo E., Siu, Henry E., Stacchetti, Ennio

“…Is there a trade-off between fluctuations and growth? The empirical evidence is mixed, with some studies finding a positive relationship, while others find a…”
Get full text

Human Capital and Development by Manuelli, Rodolfo E

“…Perhaps no question has attracted as much attention in the economics literature as 'Why are some countries richer than others?' In this article, the author…”
Get full text

On the Optimal Taxation of Capital Income by Jones, Larry E., Manuelli, Rodolfo E., Rossi, Peter E.

“…We show that in models in which labor services are supplied jointly with human capital, the Chamley and Judd result on zero capital income taxation in the…”
Get full text

Monetary Policy with Declining Deficits: Theory and an Application to Recent Argentine Monetary Policy by Manuelli, Rodolfo E, Vizcaino, Juan I

“…The authors study the nature of the optimal monetary policy in a regime of fiscal dominance when the monetary authority-which can print money or issue…”
Get full text

Exchange Rate Volatility in an Equilibrium Asset Pricing Model by Manuelli, Rodolfo E., Peck, James

“…This paper analyzes a stochastic model of exchange rate determination with unrestricted access to capital and currency markets. It is shown that the only…”
Get full text

Growth and the effects of inflation by Jones, Larry E., Manuelli, Rodolfo E.

“…In this paper, we study the relationship between the rate of increase of the money supply and the rate of growth of output in an economy. We show that in some…”
Get full text

Fluctuations in convex models of endogenous growth, II: Business cycle properties by Jones, Larry E., Manuelli, Rodolfo E., Siu, Henry E.

“…Using ideas from the endogenous growth literature, we present a model of the endogenous determination of productivity growth based on individual worker…”
Get full text

The sources of growth by Jones, Larry E., Manuelli, Rodolfo E.

“…In this paper, we survey the principal theoretical models of endogenous growth and explore their common components through analyzing a series of planning…”
Get full text

Volatile Policy and Private Information: The Case of Monetary Shocks by Jones, Larry E., Manuelli, Rodolfo E.

“…We study how volatility in monetary policy affects economic performance in the presence of asymmetric information and endogenously chosen information…”
Get full text

Endogenous growth theory: An introduction by Jones, Larry E., Manuelli, Rodolfo E.

“…This essay introduces a collection of articles that deal with a series of topics in the area of new or endogenous growth theory. The introduction provides an…”
Get full text

Explaining international fertility differences by Manuelli, Rodolfo E, Seshadri, Ananth

“…Why do fertility rates vary so much across countries? Why are European fertility rates so much lower than American fertility rates? To answer these questions…”
Get full text