Philippe Aghion, Abhijit Banerjee

Volatility and Growth

• Broschiertes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Oxford University Press, USA
• Seitenzahl: 160
• Erscheinungstermin: 19. Dezember 2020
• Englisch
• Abmessung: 213mm x 135mm x 10mm
• Gewicht: 236g
• ISBN-13: 9780198867739
• ISBN-10: 0198867735
• Artikelnr.: 60002879

Autorenporträt

Philippe Aghion is Robert C. Waggoner Professor of Economics at Harvard University. He has held positions at MIT, the French CNRS, the University of Oxford, and University College London, and joined the Harvard faculty in 2000. In 2001 he received the Yrjo Jahnsson Award of the European Economic Association and in 2020 he shared the BBVA Frontier of Knowledge Award with Peter Howitt. Abhijit Banerjee is Ford Foundation International Professor of Economics and Director of the Poverty Action Lab at MIT. He was a past President of the Bureau for Research in Economic Analysis and Development (BREAD). He received his Ph.D. in economics from Harvard University, and has taught at Princeton and Harvard before joining the MIT faculty in 1996. He is a 2019 Nobel Prize Winner for Economic Sciences.

Inhaltsangabe

Introduction
0: Modeling Credit Markets
1: Volatility and Growth: AK versus Schumpeterian Approach
2: Financial Development and the Effects of Growth on Volatility
3: Endogeneizing Volatility: Pecuniary Externalities and the Credit Channel
4: Endogenous Volatility in an Open Economy
5: The Third Generation Approach to Currency Crises
Conclusion