Productivity Growth, Inflation, and Unemployment

This book offers sharply etched views on the principal topics of macroeconomics.

Klappentext
This book offers sharply etched views on the principal topics of macroeconomics.


Zusammenfassung
The seventeen seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer views on the principal topics of macroeconomics - namely, growth, inflation, and unemployment. The author re-examines their salient points in a creative, accessible introduction that serves on its own as an introduction to modern macroeconomics.

Inhalt
Part I. The History, Theory, and Measurement of Productivity Growth: Introduction; 1. Does the new economy measure up to the great inventions of the past?; 2. Interpreting the 'one big wave' in US long-term productivity growth; 3. The disappearance of productivity change; 4. The concept of capital; 5. Is there a tradeoff between unemployment and productivity growth?; 6. Forward into the past: productivity retrogression in the electric generating industry; Part II. Interpreting Productivity Fluctuations over the Business cycle: Introduction; 7. Fresh water, salt water, and other macroeconomic elixirs; 8. Are procylical productivity fluctuations a figment of measurement error?; 9. The jobless recovery: does it signal a new era of productivity-led growth?; Part III. The Theory of Inflation-Unemployment Tradeoff: Introduction; 10. Alternative responses of policy to external supply shocks; 11. Supply shocks and monetary policy revisited; 12. The theory of domestic inflation; 13. The Phillips Curve now and then; Part IV. Empirical Studies of Inflation Dynamics in the United States: Introduction; 14. Can the inflation of the 1970s be explained?; 15. The output cost of disinflation in traditional and vector autoregressive models; 16. German and American wage and price dynamics: differences and common themes; 17. Foundations of the Goldilocks economy: supply shocks and the time-varying NAIRU.

#	Onlineshop	Preis CHF	Versand CHF	Total CHF
1	Seller	0.00	0.00	0.00