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Browsing Research Articles (Economics) by Author "Makena, Philton"
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Gupta, Rangan; Makena, Philton
(MDPI, 2020-03)
We develop an overlapping generations monetary endogenous growth (generated by
productive public expenditures) model with inflation targeting, characterized by relocation shocks for
young agents, which in turn generates ...
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Balcilar, Mehmet; Gupta, Rangan; Ma, Wei; Makena, Philton
(Wiley, 2021-05)
We re-examine the theoretical and empirical relationship between income inequality and long-run economic growth in an endogenous growth model with a flat tax on income, distributive conflicts among agents, and median voter ...
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Gupta, Rangan; Makena, Philton
(Annals of Economics and Finance, 2019-11)
This paper reexamines the theoretical relationship between inflation and output growth by introducing inflation aversion in a standard overlapping generations monetary endogenous growth model with productive public ...
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Bittencourt, Manoel; Gupta, Rangan; Makena, Philton; Stander, Lardo
(Elsevier, 2022-12)
We develop an overlapping generations (OLG) monetary endogenous growth model characterized by socio-political instability, with the latter being specified as a fraction of output lost due to strikes, riots and protests. ...
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Gupta, Rangan; Makena, Philton
(Elsevier, 2020-11)
We provide an alternative theoretical explanation to the tax evasion-inflation relationship by endogenizing the discount factor in an overlapping generations economy. When the discount factor is a positive function of ...