by Abhijit Banerjee (Author), PhilippeAghion (Author)
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.
Format: Hardcover
Pages: 160
Publisher: OUP Oxford
Published: 28 Jul 2005
ISBN 10: 0199248613
ISBN 13: 9780199248612