Peter Diamond has made fundamental contributions to economic theory over a wide range of areas including search theory and its implications for unemployment (for which he was awarded the Nobel Memorial Prize), optimal taxation, which he pioneered with James Mirrlees, incomplete markets and their...

Auf der Konferenz des Center for International Research on Economic Tendency Surveys wurde eine Prognose der Entwicklung der USA, Japans und der europäischen Wirtschaft vorgelegt. - Ein Schwerpunkt der Vorträge und der Diskussion lag auf der Beobachtung der Wirtschaftsentwicklung im...

What shocks account for the business cycle frequency and long run movements of output and prices? This paper addresses this question using the identifying assumption that only supply shocks, such as shocks to technology, oil prices, and labor supply affect output in the long run. Real and...