Volatility and Growth 新书_图书内容介绍_剧情呢
剧情呢 国产剧 港剧 泰剧

Volatility and Growth读书介绍

类别 页数 译者 网友评分 年代 出版社
书籍 160页 2020 Oxford University Press, USA
定价 出版日期 最近访问 访问指数
USD 53.00 2020-02-20 … 2020-09-14 … 27
主题/类型/题材/标签
Development,Growth,經濟,EconMacroChapter,
作者
Phillipe Aghion      ISBN:9780199248612    原作名/别名:《》
内容和作者简介
Volatility and Growth摘要

It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics literature. This book provides the first consistent attempt to analyze the effects of macroeconomic volatility on productivity growth, and also the reverse causality from growth to busines...

作者简介

It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics literature. This book provides the first consistent attempt to analyze the effects of macroeconomic volatility on productivity growth, and also the reverse causality from growth to business cycles. The authors show that by looking at the economy through the lens of private entrepreneurs, who invest under credit constraints, one can go some way towards explaining persistent macroeconomic volatility and the effects of volatility on growth. Beginning with an analysis of the effects of volatility on growth, the authors argue that the lower the level of financial development in a country the more detrimental the effect of volatility on growth. This prediction is confirmed by cross-country panel regressions. The data also suggests that a fixed exchange rate regime or more countercyclical budgetary policies are growth-enhancing in countries with a lower level of financial development. The former reduce aggregate volatility whereas the latter reduce the negative effects of volatility on long-term productivity-enhancing investment by firms. The book concludes with an investigation into how the interplay between credit constraints and pecuniary externalities is sufficient to generate persistent business cycles and to explain the occurrence of currency crises.

本书后续版本
未发行或暂未收录
喜欢读〖Volatility and Growth〗的人也喜欢:

  • Option Volatility & Pricing 金融,option,trading,期权,Options,投资,经典,volatility, 2020-02-20 …
  • New Models for Growth and Profitability  2020-02-20 …
  • Volatility Trading, + Website 金融,衍生品,系统化交易,期权交易,pdf,finance,Derivatives, 2020-02-20 …
  • Volatility Trading, + CD-ROM volatility,Finance,期权,交易,金融,波动率,options,金融工程, 2020-02-20 …
  • The Rise and Fall of American Growth 经济, 2020-02-20 …
  • The Volatility Smile 期权,衍生品, 2020-02-20 …
  • Volatility and Growth Development,Growth,經濟,EconMacroChapter, 2020-02-20 …
  • Benjamin Graham and the Power of Growth Stocks 理财,投资,价值投资,Business,Benjamin, 2020-02-20 …
  • Freedom and Growth  2020-02-20 …
  • Volatility and Correlation 金融,finance,quant,数学,trading,统计学,经济学, 2020-02-20 …
  • 友情提示

    剧情呢,免费看分享剧情、挑选影视作品、精选好书简介分享。