Wages, Regime Switching, and Cycles

Piero Ferri, Edward Greenberg (Autoren)

Buch | Softcover

XII, 171 Seiten

2011 | 2nd ed. 1992. Softcover reprint of the original 2nd ed. 1992
Springer Berlin (Verlag)
978-3-642-77243-6 (ISBN)

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The initial purposes of this book were to update and extend the discussion and the results presented ill our previous book, The Labor Market and Business Cycle Theories. Our 1990 article, which appeared in The Journal of Economic Behavior and Organization, represented a first step in this direction. The consequences of this effort have materialized in a number of new chapters that has led de facto to a new book, in which the surviving parts have been largely revised. The 1989 book was too mathematically oriented for many Keynesians and post Keynesians to be fully appreciated and insufficiently microfounded for both new classicals and new-Keynesians to be warmly accepted, yet we received positive and encouraging comments, and it was sold out very quickly. It was an attempt to dis cuss dynamics in Keynesian terms, based on a double assumption that maintains its validity-that both economic facts and analytical and methodological innova tions had contributed to a renewed interest in business cycles, which over time has had its "ups and downs." Since then, many more articles and books have appeared, stressing in particular the role of microfoundations and of nonlinearities in shaping business cycle theory.

I Introduction.- 1 An Overall View.- II The Business Cycle.- 2 Basic Concepts in the Theory of Cycles.- 3 Microfounded Exogenous Explanations.- 4 Nonlinear Deterministic Theories.- III Wages and Prices.- 5 The Dynamic Role of Wages and Prices.- 6 The Phillips Curve Debate.- 7 Microfoundations of Labor Market Modeling.- IV Regime Switching.- 8 The Economics of Regime Switching.- 9 Regime Switching and the Wage-Price Spiral.- 10 Inflation and Real Wages.- V Concluding Remarks.- 11 An Assessment.

Erscheint lt. Verlag	16.12.2011
Zusatzinfo	XII, 171 p.
Verlagsort	Berlin
Sprache	englisch
Maße	170 x 242 mm
Gewicht	332 g
Themenwelt	Sozialwissenschaften ► Soziologie ► Empirische Sozialforschung
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
Schlagworte	Arbeitsmarkt • Business Cycle • Econometrics • Economics • Efficiency • Employment • Inflation • Keynes • Konjunktur • Konjunkturzyklus • Labor Market • Macroeconomics • Makroökonomie • Modeling • Ökonomie
ISBN-10	3-642-77243-9 / 3642772439
ISBN-13	978-3-642-77243-6 / 9783642772436
Zustand	Neuware