Research

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This working paper argues that the real relative unit labor cost is the main force that explains the long-run behavior of the real exchange rate.

This paper proposes an entropy-constrained model of induced technical change (ITC) and estimates the innovation possibilities frontier (IPF) of the OECD countries. 

This paper addresses the Marx´s theory of crisis in order to analyze the Great Recession in Spain.

This paper discusses the institutional requirements for fiscal capacity building and the introduction of a Eurozone Treasury.

This paper seeks to theoretically analyse the change in growth patterns in post-reform India.

In this paper, we introduce a twofold role for the public sector in the Goodwin (1967) model of the growth cycle.