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Paperback Volatility and Growth Book

ISBN: 0198867735

ISBN13: 9780198867739

Volatility and Growth

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Book Overview

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...

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