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http://worldcat.org/entity/work/id/361033

Volatility and growth

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description

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  • "It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics literature. This book provides the first consistent attempt to analyze the effects of macroeconomic volatility on productivity growth, and also the reverse causality from growth to business cycles. The authors show that by looking at the economy through the lens of private entrepreneurs, whoinvest under credit constraints, one can go some way towards explaining persistent macroeconomic volatility and the."
  • "Aghion and Banerjee build a model of an aggregate economy that takes the interactions between volatility and growth seriously while still being open to the possibility of market failures."

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  • "Llibres electrònics"
  • "Electronic books"@en
  • "Electronic books"

name

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  • "Volatility and Growth"
  • "Volatility and growth"@en
  • "Volatility and growth"

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