Philippe Aghion

The Power of Creative Destruction

Economic Upheaval and the Wealth of Nations

Hayek Book Prize Finalist An Economist Best Book of the Year A Foreign Affairs Best Book of the Year From one of the world’s leading economists and ...

Endogenous Growth Theory

"Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical referen...

The Economics of Growth

A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used...

An Agenda for a Growing Europe

The Sapir Report

Over the past decade European economic integration has seen considerable institutional success, but the economic performance of the EU has been varied...

Handbook of Economic Growth

Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a ...

The Economics of Growth

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Growth, Inequality, and Globalization

Theory, History, and Policy

Two of the world's leading economists discuss fundamental issues of inequality and economic growth....

The Economics of Growth

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Volatility and Growth

It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been...

A Model of Growth Through Creative Destruction

This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing...

COMPETITION INNOVATION AND GROWTH IN TRANSITION:EXPLORING THE INTERACTIONS BETWEEN POLICIES

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The Economics of Bankruptcy Reform

We propose a new bankruptcy procedure. Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the 'new" (all-equity) fi...

A Model of Growth Through Creative Destruction

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Fair and Inclusive Markets: Why Dynamism Matters

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty allev...

Uncovering Some Causal Relationships Between Productivity Growth and the Structure of Economic Fluctuations

A Tentative Survey

This paper discusses recent theoretical and empirical work on the interactions between growth and business cycles. One may distinguish two very differ...

Cyclical Fiscal Policy, Credit Constraints, and Industry Growth

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Competition, Entry and the Social Returns to Infrastructure in Transition Economies

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Volatility and Growth

Credit Constraints and Productivity-Enhancing Investment

We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby volatility and growth. We first develo...

Distance to frontier, selection, and economic growth

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Cyclical Macroeconomic Policy, Financial Regulation and Economic Growth

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Endogenous Political Insitution

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Coming of Age

Report on the Euro Area

Om udviklingen i "euro-området" 20 år efter Delors-rapporten om den økonomiske og monetære union, ØMU'en, 10 år efter ratifikationen af Maastric...

Legal Restrictions on Private Contracts Can Enhance Efficiency

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