EBOOK Volatility and Growth - AGHION PHILIPPE

EBOOK Volatility and Growth

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Autor: AGHION PHILIPPE

Wydawnictwo: Oxford University Press
ISBN: 9780191530234
EAN: 51A2962EEB
Format: 0,0 x 0,0 x 0,0
Oprawa: ...
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Data wydania: 2005
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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.

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AGHION PHILIPPE