Readership: Academics, graduate students, and advanced undergraduates with an interest in growth theory
Philippe Aghion, Robert C. Waggoner Professor of Economics, Harvard University, and Abhijit Banerjee, Ford Foundation International Professor of Economics and Director Poverty Action Lab, MIT
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
