Similar Search Results

Exchange Rate Volatility and Productivity Growth : The Role of Financial Development

Aghion, Philippe - 2006

This paper offers empirical evidence that real exchange rate volatility can have a significant impact on long-term rate … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …

Persistent link: https://www.econbiz.de/10012466492

Artificial Intelligence and Economic Growth

Aghion, Philippe - 2017

This paper examines the potential impact of artificial intelligence (A.I.) on economic growth. We model A.I. as the latest form of automation, a broader process dating back more than 200 years. Electricity, internal combustion engines, and semiconductors facilitated automation in the last...

Persistent link: https://www.econbiz.de/10012453786

Democracy, Technology, and Growth

Aghion, Philippe - 2007

We explore the question of how political institutions and particularly democracy affect economic growth. Although empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that democracy influences productivity growth in different...

Persistent link: https://www.econbiz.de/10012465474