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Volatility and Growth
Economics
Sale
Philippe Aghion;   Abhijit Banerjee  
Oxford University Press 2005  148 pages
Hardback    0199248613 
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Published Price £20.00 Sale Price £3.99
Using both simple theoretical models and empirical analysis, Aghion and Banerjee show 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 and the effects of volatility on growth. At the same time, they propose a new approach to analyse the impact of macroeconomic policies on long run growth and the design of stabilization programmes. Off-mint.

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