On the relationship between growth and volatility

被引：61

作者：

Blackburn, K ^{[1
]}

Pelloni, A

机构：

[1] Univ Manchester, Sch Econ Studies, Ctr Growth & Business Cycles Res, Manchester M13 9PL, Lancs, England

[2] Univ Roma Tor Vergata, Dept Econ, Rome, Italy

来源：

ECONOMICS LETTERS | 2004年 / 83卷 / 01期

基金：

英国经济与社会研究理事会;

关键词：

business cycles; growth; volatility;

D O I：

10.1016/j.econlet.2003.10.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2004 Elsevier B.V. All rights reserved.

引用

页码：123 / 127

页数：5

共 9 条

[1] Virtues of bad times - Interaction between productivity growth and economic fluctuations [J].