Volatility and growth
Auteur :
Aghion, Philippe / Banerjee, Abhijit
Éditeur :
Oxford University Press
ISBN :
9780199248612
Date de publication :
28 juil. 2005
Dimensions :
22,3 x 14,4 x 1,5 cm
Poids :
299 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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 the lens of private entrepreneurs, who invest under credit constraints, one can go a long way towards explaining persistent macroeconomic volatility.