WebOct 1, 2009 · This paper shows that when inputs are sufficiently substitutable, sustainable growth can be achieved with temporary taxes/subsidies that redirect innovation toward clean inputs, and optimal policy involves both "carbon taxes" and research subsidies. This paper introduces endogenous and directed technical change in a growth model with … WebThis paper provides a comprehensive overview of the use of the Eurosystem's monetary policy instruments and the operational framework from the third quarter of 2012 until the first quarter of 2016. The paper reviews the context of Eurosystem market operations, counterparty and collateral framework,...
David HEMOUS Phd in Economics (Harvard University)
WebNov 1, 2014 · We construct an endogenous growth model of directed technical change with automation (the introduction of machines which replace low-skill labor and complement high-skill labor) and horizontal innovation (the introduction of new products, which increases demand for both types of labor). Such an economy endogenously follows three phases. … WebUniversity of Zurich Department of Economics Schönberggasse 1 CH-8001 Zürich. [email protected] ebay mens big face watches
WebThe Rise of the Machines: Automation, Horizontal Innovation, and Income Inequality by David Hémous and Morten Olsen. Published in volume 14, issue 1, pages 179-223 of American Economic Journal: Macroeconomics, January 2024, Abstract: We build an endogenous growth model with automation (the replacem... WebIn the framework of endogenous growth of Acemoglu & Aghion in "The environment and directed technical change", the paper aims at creating endogenous labor market and … WebView the profiles of people named Christophe Hemous. Join Facebook to connect with Christophe Hemous and others you may know. Facebook gives people the... ebay mens bicycles for sale