Volatility and growth
Auteur :
Aghion, Philippe / Banerjee, Abhijit
Éditeur :
Oxford University Press
ISBN :
9780198867739
Date de publication :
18 déc. 2020
Dimensions :
21,5 x 13,7 x 1,0 cm
Poids :
206 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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. Looking through a new lens, they begin to explain persistent macroeconomic volatility and the effects of volatility on growth.