Volatility And Growth

by Aghion, Phillipe; Banerjee, Abhijit

• ISBN13: 9780199248612
• ISBN10: 0199248613
• Format: Hardcover
• Copyright: 2005-09-29
• Publisher: Oxford University Press

Summary

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

Author Biography

Philippe Aghion is the Robert C. Waggoner Professor of Economics in the Department 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.
Abhijit Banerjee is the Ford Foundation Professor of Economics in the Department of Economics at Massachusetts Institute of Technology, the Director of the Poverty Action Lab and the 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.

Table of Contents

Introduction	1	(4)
Modeling Credit Markets	5	(5)
Volatility and Growth: AK versus Schumpeterian Approach	10	(13)
Financial Development and the Effects of Volatility on Growth	23	(26)
Endogeneizing Volatility: Pecuniary Externalities and the Credit Channel	49	(19)
Endogenous Volatility in an Open Economy	68	(22)
The Third Generation Approach to Currency Crises	90	(34)
Conclusion	124	(6)
References	130	(7)
Index	137