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Note on 'Growth, Cycles, and Stabilization Policy'

Ragchaasuren Galindev
Oxford Economic Papers
New Series, Vol. 61, No. 1 (Jan., 2009), pp. 201-206
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/25167729
Page Count: 6
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Note on 'Growth, Cycles, and Stabilization Policy'
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Abstract

This note presents an analysis which generalizes the results reached by Blackburn and Pelloni (2005) on the relationship between short-term stabilization policy and long-term growth by considering both deliberate (internal) and serendipitous (external) learning mechanisms for productivity growth.

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