Volatility and Growth (Clarendon Lectures in Economics)

by Abhijit Banerjee (Author), PhilippeAghion (Author)

• New

  Hardcover
  2005

  $108.48

  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.