How the models of endogenous growth constitute an advance on Solow’s exogenous growth model

1. To what extent do models of endogenous growth constitute an advance on Solow’s exogenous growth model? In your discussion make sure that you outline Solow’s model and give at least one example of an endogenous growth model. 2. How can expectations affect the efficacy of monetary and fiscal policies in economies such as the UK?In your essay give examples based on recent policy discussions relating to the UK and/or the US over the past 10 years.