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Volatility and Growth.

Author: Philippe Aghion; Abhijit Banerjee
Publisher: Oxford : Oxford University Press, 2005.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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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Material Type: Document, Internet resource
Document Type: Book, Computer File, Internet Resource
All Authors / Contributors: Philippe Aghion; Abhijit Banerjee
ISBN: 0199248613 9780199248612
OCLC Number: 611123638
Description: 1 online resource (160 Seiten)
Contents: Introduction ; 0. Modeling Credit Markets ; 1. Volatility and Growth: AK versus Schumpeterian Approach ; 2. Financial Development and the Effects of Growth on Volatility ; 3. Endogeneizing Volatility: Pecuniary Externalities and the Credit Channel ; 4. Endogenous Volatility in an Open Economy ; 5. The Third Generation Approach to Currency Crises ; Conclusion

Abstract:

Attempts to analyze the effects of macroeconomic volatility on productivity growth, and the reverse causality from growth to business cycles. This book shows that by looking at the economy through  Read more...

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