Volatility and Growth

Author/Contributor(s):	Aghion, Philippe
Publisher:	Oxford University Press
Date:	12/19/2020
Binding:	Paperback
Condition:	NEW

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.