Economics of Worldwide Stagflation / / Michael Bruno, Jeffrey D. Sachs.
This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. The authors first construct a small macroeconomi...
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Superior document: | Title is part of eBook package: De Gruyter HUP eBook Package Archive 1893-1999 |
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Place / Publishing House: | Cambridge, MA : : Harvard University Press, , [2013] ©1985 |
Year of Publication: | 2013 |
Edition: | Reprint 2014 |
Language: | English |
Online Access: | |
Physical Description: | 1 online resource (315 p.) :; 64 tables, 29 line illustrations |
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Table of Contents:
- Frontmatter
- Acknowledgments
- Contents
- Introduction
- 1. Elements of a Theory
- 2. Production, Technology, and the Factor Price Frontier
- 3. Factor Adjustment to Supply Price Shocks
- 4. Savings, Investment, and Capital Flows
- 5. Stagflation and Short-Run Adjustment
- 6. Macroeconomic Adjustment and Policy Coordination in a Global Setting
- 7. Simulation Models
- 8. Empirical Overview of Stagflation in the OECD
- 9. Real Wages and Unemployment
- 10. Price and Output Dynamics in Eight Economies
- 11. Labor Markets and Comparative Macroeconomic Performance
- 12. Supply Shocks, Demand Response, and the Productivity Puzzle
- 13. Lessons for Theory and Policy
- Notes. Bibliography. Index