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Cyclical Macroeconomic Policy, Financial Regulation and Economic Growth

Aghion, Philippe - 2014

policies foster growth disproportionately in more credit/liquidity-constrained industries. Second, while higher bank capital … policy. Raising regulatory requirements for bank capital can therefore help achieve financial stability and preserve economic …

Persistent link: https://www.econbiz.de/10013058584

Innovation and Top Income Inequality

Aghion, Philippe - 2015

In this paper we use cross-state panel data to show that top income inequality is (at least partly) driven by … inequality in cross-state panel regressions. Two distinct instrumentation strategies suggest that this correlation (partly …) reflects a causality from innovativeness to top income inequality, and the effect is significant: for example, when measured by …

Persistent link: https://www.econbiz.de/10013021154

Creative Destruction and US Economic Growth

Aghion, Philippe; Howitt, Peter - 2022

This paper argues that the growth of large, efficient but anticompetitive superstar firms is responsible for the recent slowdown in US economic growth. The argument is based on the growth theory that we have previously developed and tested, which is based on the concept of creative destruction

Persistent link: https://www.econbiz.de/10013405517

Volatility and growth

Aghion, Philippe; Banerjee, Abhijit V. - 2005

Persistent link: https://www.econbiz.de/10002817527

Competition and growth : reconciling theory and evidence

Aghion, Philippe; Griffith, Rachel - 2005

Persistent link: https://www.econbiz.de/10002581582

Productivity Growth and the Exchange Rate Regime : The Role of Financial Development

Aghion, Philippe; Bacchetta, Philippe; Rancière, Romain G. - 2006

This paper offers empirical evidence that a country's choice of exchange rate regime can have a significant impact on its medium-term rate of productivity growth. Moreover, the impact depends critically on the country's level of financial development, its degree of market regulation, and its...

Persistent link: https://www.econbiz.de/10014060803