Volatility and Growth

Volatility and Growth

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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.