Economics of worldwide stagflation /

Este libro presenta tanto una teoría como un análisis empírico comparativo de la estanflación, esa peculiar combinación de alto desempleo, lento crecimiento y rachas de alta inflación que ha afectado a los países industriales avanzados durante los últimos quince años. Los autores construyen en prime...

• Main Author: Bruno, Michael, 1932-1996
• Other Authors: Sachs, Jeffrey D., 1954-
• Format: Book
• Language: English
• Published: Cambridge : Harvard University Press, c1985
• Subjects: MACROECONOMIA; ESTANFLACION; DESEMPLEO; ANALISIS MACROECONOMICO

Table of Contents:

• Introduction
• 1. Elements of a theory
• 2. Production, technology and the factor price frontier
• 3. Factor adjustment to supply price shocks
• 4. Savings, unvestment 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 employment
• 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
• Bibliography.