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Volatility and Growth von Aghion, Philippe (eBook)

  • Erscheinungsdatum: 28.07.2005
  • Verlag: Oxford University Press
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Volatility and Growth

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. The authors show that by looking at the economy through the lens of private entrepreneurs who invest under credit constraints, one can go along way towards explaining persistent macroeconomic volatility and the effects of volatility on growth.


    Format: PDF
    Kopierschutz: AdobeDRM
    Erscheinungsdatum: 28.07.2005
    Sprache: Englisch
    ISBN: 9780191530234
    Verlag: Oxford University Press
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