David Lipton


E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: International Monetary Fund

NBER Working Papers and Publications

January 1994The Government Budget and the Economic Transformation of Poland
with Alain de Crombrugghe
in The Transition in Eastern Europe, Volume 2, Restructuring, Olivier Blanchard, Kenneth Froot, Jeffrey Sachs, editors
October 1980Accumulation and Growth in a Two-Country Model: A Simulation Approach
with Jeffrey Sachs: w0572
This paper analyzes saving and capital accumulation in a two-good growth model of two market economies in which economic agents optimize with perfect foresight. The goal is to present a model in which short-run dynamics and the steady-state are soundly integrated. We stress the importance of asset markets as the linkage that transmits disturbances both internationally and intertemporally. While many components of the model described below can be found in the literature on optimal consumption, investment and international growth models, we provide a consistent synthesis. Our framework permits the analysis of structural adjustment in the global economy, and the dynamic effects of a wide range of public policies.


  • with D. Lipton, Journal of International Economics, 15(1/2), 135-159 August 1983
  • Lipton, David and Jeffrey Sachs. "Accumulation and Growth in a Two-Country Model: A Simulation Approach." Journal of Economic Literature, Vol. 22, No. 1, (March 1984).
  • David Lipton & Jeffrey Sachs, 1983. "Accumulation and growth in a two-country model," Journal of International Economics, vol 15(1-2), pages 135-159.

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