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Productivity growth, inflation, and unemployment : the collected essays of Robert J. Gordon
Gordon, Robert J. - 2004 - 1. publ.
Persistent link: https://www.econbiz.de/10001700490
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Productivity Growth, Inflation, and Unemployment : The Collected Essays of Robert J. Gordon
Gordon, Robert J. - 2003
The 17 seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer views on the principal topics of macroeconomics - namely, growth, inflation, and unemployment. The author re-examines their salient points in a creative, accessible introduction that...
Persistent link: https://www.econbiz.de/10012675489
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Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income
Dew-Becker, Ian - 2005
A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But … our results raise doubts by creating a direct link between macro productivity growth and the micro evolution of the income … distribution enjoyed a growth rate of real wage and salary income equal to or above the average rate of economy-wide productivity …
Persistent link: https://www.econbiz.de/10012466829
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Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income
Dew-Becker, Ian L.; Gordon, Robert J. - 2021
A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But … our results raise doubts by creating a direct link between macro productivity growth and the micro evolution of the income … distribution enjoyed a growth rate of real wage and salary income equal to or above the average rate of economy-wide productivity …
Persistent link: https://www.econbiz.de/10013228746
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US inflation, labor's share, and the natural rate of unemployment
Gordon, Robert J. - 1988
Persistent link: https://www.econbiz.de/10000752434
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Foundations of the goldilocks economy : supply shocks and the time-varying NAIRU
Gordon, Robert J. - In: Brookings papers on economic activity : BPEA (1998) 2, pp. 297-346
Persistent link: https://www.econbiz.de/10001364522
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Price inertia and policy ineffectiveness in the United States, 1890-1980
Gordon, Robert J. - 1981
Persistent link: https://www.econbiz.de/10002470688
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U.S. Inflation, Labor's Share, and the Natural Rate of Unemployment
Gordon, Robert J. - 1988
The Phillips curve was init-ally formulated as a relationship between the rate of change and unemployment, yet what matters for stabilization policy is the rate of inflation, not the rate of wage change. This paper provides new estimates of Phillips curves for both prices and wages extending...
Persistent link: https://www.econbiz.de/10012476483
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Price Inertia and Policy Ineffectiveness in the United States, 1890-1980
Gordon, Robert J. - 1981
This paper introduces a new approach to the empirical testing of the Lucas- Sargent-Wallace (LSW) "policy ineffectiveness proposition." Instead of testing that hypothesis in isolation from any plausible alternative, the paper develops a single empirical equation explaining price change that...
Persistent link: https://www.econbiz.de/10012478371
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Price Inertia and Policy Ineffectiveness in the United States, 1890-1980
Gordon, Robert J. - 2022
This paper introduces a new approach to the empirical testing of the Lucas- Sargent-Wallace (LSW) "policy ineffectiveness proposition." Instead of testing that hypothesis in isolation from any plausible alternative, the paper develops a single empirical equation explaining price change that...
Persistent link: https://www.econbiz.de/10013308508