International Volatility and Economic Growth: The First Ten Years of the International Seminar on MacroeconomicsGeorge De Menil, Robert James Gordon This volume contains a selection of articles published in special issues of the European Economic Review between 1980 and 1988. The subject matter of this volume is macroeconomic policy, the contributors are Europeans, Americans and Japanese. Most of the papers have an empirical character. Even when the theoretical models used are not readily quantifiable, the emphasis is on their power to clarify concrete policy issues. The volume is a record of the issues, the controversies, the comparative analyses, and the debate. The flavour and perspectives of the times are preserved in the contemporary comments and criticisms of the discussants that are presented with each contribution. The selected contributions fall naturally into three broad areas: comparative analyses of the relationship between structure and national macroeconomic performance; the evolving nature of the external constraint, and alternative strategies for managing it; and the consequences of internal and external debt. The volume is divided into three parts corresponding to these three broad topic areas. |
Contents
vi | 7 |
An Exploration of French and United | 76 |
Housing Markets Unemployment and Labour Market Flexibility in | 83 |
Copyright | |
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Common terms and phrases
adjustment aggregate demand analysis average behavior borrower Branson capital mobility coefficients cost council housing council tenants countries debt default deficits demand differences differentials domestic savings econometric effect employees equilibrium estimated Europe European firms fiscal foreign France function Gordon growth rate households hysteresis implies important income increase industries input interest rate investment Japan Japanese job-related Labour Economics labour force labour market flexibility lagged lenders loan macroeconomic Mairesse migration rates migration/movement money illusion moral hazard movement NAIRU nominal wage nominal-wage non-manufacturing OECD output ratio paper percent period Phillips curve price equations price index price level problem productivity growth rate of unemployment real exchange rate real wage real-wage realignment reduce regressions relative Rotemberg Sachs sample sector shocks slowdown supply Tachibanaki tenure trend unemployment rate wage equation wage gap wage rate wage rigidity workers zero
References to this book
Global Economic Growth: Theories, Research, Studies, and Annotated ... Lewis-Guodo Liu,Robert Premus No preview available - 2000 |