Seventeen essays include three previously unpublished works and offer sharply etched views on the principal topics of macroeconomics: growth, inflation, and unemployment. Robert Gordon re-examines their salient points in a new accessible introduction to modern macroeconomics. Each of the four parts into which the essays are grouped also offers a new introduction. The foreword by Nobel Laureate Robert M. Solow comments on the continuing importance of these essays which date from 1968 to the present.
Productivity Growth, Inflation, and Unemployment
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The 17 seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer sharply etched views on the principal topics of macroeconomics namely, growth, inflation, and unemployment. The author re-examines their salient points in a uniquely creative, accessible introduction that serves on its own as an introduction to modern macroeconomics. Each of the four parts into which the essays are grouped also offers a new introduction. The foreword by Nobel Laureate Robert M. Solow comments on the abiding importance of these essays drawn from 1968 to the present.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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one big wave, electric generation, flexible exchange rates, log capacity, average vintage, procyclical productivity, annual percentage growth rates, optimal money supply rule, productivity paradox, fuel type, log output ratio, accommodating nominal income, five location dummy variables, labor composition adjustment, feedback from wages, output mismeasurement, capital composition adjustments, weighted unemployment rate, productivity deviation, nonfarm prices, nonfarm private economy, compromise residual, outlier plants, labor fixity, supply shock variables Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Brookings Papers, Economic Activity, American Economic Review, New York, Studies of Inflation Dynamics, The Disappearance of Productivity Change, Bureau of Labor Statistics, The Output Cost of Disinflation, Productivity Fluctuation, Journal of Political Economy, World War, Inflation-Unemployment Tradeoff, Foundations of the Goldilocks Economy, The Jobless Recovery, Measurement Errors, Alternative Responses of Policy, New Economy, External Supply Shocks, United Kingdom, National Science Foundation, Wall Street Journal, Survey of Current Business, Great Depression, Federal Reserve Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
one big wave, electric generation, flexible exchange rates, log capacity, average vintage, procyclical productivity, annual percentage growth rates, optimal money supply rule, productivity paradox, fuel type, log output ratio, accommodating nominal income, five location dummy variables, labor composition adjustment, feedback from wages, output mismeasurement, capital composition adjustments, weighted unemployment rate, productivity deviation, nonfarm prices, nonfarm private economy, compromise residual, outlier plants, labor fixity, supply shock variables Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Brookings Papers, Economic Activity, American Economic Review, New York, Studies of Inflation Dynamics, The Disappearance of Productivity Change, Bureau of Labor Statistics, The Output Cost of Disinflation, Productivity Fluctuation, Journal of Political Economy, World War, Inflation-Unemployment Tradeoff, Foundations of the Goldilocks Economy, The Jobless Recovery, Measurement Errors, Alternative Responses of Policy, New Economy, External Supply Shocks, United Kingdom, National Science Foundation, Wall Street Journal, Survey of Current Business, Great Depression, Federal Reserve Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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