On the relationship between growth and volatility
We study the relationship between output growth and output variability in a simple stochastic monetary growth model with nominal rigidities and learning-by-doing. We show that this relationship may be positive or negative depending on the impulse source of fluctuations.
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Veröffentlicht in: | Economics letters 2004-04, Vol.83 (1), p.123-127 |
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container_title | Economics letters |
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creator | Blackburn, Keith Pelloni, Alessandra |
description | We study the relationship between output growth and output variability in a simple stochastic monetary growth model with nominal rigidities and learning-by-doing. We show that this relationship may be positive or negative depending on the impulse source of fluctuations. |
doi_str_mv | 10.1016/j.econlet.2003.10.010 |
format | Article |
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language | eng |
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source | RePEc; ScienceDirect |
subjects | Business cycles Business studies Economic analysis Economic growth Economics Growth Volatility |
title | On the relationship between growth and volatility |
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