Productivity Growth, Inflation, and Unemployment: The Collected Essays of Robert J. Gordon

by
Format: Paperback
Pub. Date: 2003-12-15
Publisher(s): Cambridge University Press
List Price: $72.99

Buy New

Usually Ships in 8 - 10 Business Days.
$72.92

Rent Textbook

Select for Price
There was a problem. Please try again later.

Rent Digital

Rent Digital Options
Online:1825 Days access
Downloadable:Lifetime Access
$140.40
*To support the delivery of the digital material to you, a digital delivery fee of $3.99 will be charged on each digital item.
$140.40*

Used Textbook

We're Sorry
Sold Out

How Marketplace Works:

  • This item is offered by an independent seller and not shipped from our warehouse
  • Item details like edition and cover design may differ from our description; see seller's comments before ordering.
  • Sellers much confirm and ship within two business days; otherwise, the order will be cancelled and refunded.
  • Marketplace purchases cannot be returned to eCampus.com. Contact the seller directly for inquiries; if no response within two days, contact customer service.
  • Additional shipping costs apply to Marketplace purchases. Review shipping costs at checkout.

Summary

The 17 seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer sharply etched views on the principal topics of macroeconomics - growth, inflation, and unemployment. The author re-examines their salient points in a uniquely creative, accessible introduction that serves on its own as an introduction to modern macroeconomics. Each of the four parts into which the essays are grouped also offers a new introduction. The papers in Part I explore different key aspects of the history, theory, and measurement of productivity growth. The essays in Part II investigate the sources of business cycles and productivity fluctuations. Those in Part III cover the effects of supply shocks in macroeconomics. The final group presents empirical studies of the dynamics of inflation in the United States. The foreword by Nobel Laureate Robert M. Solow comments on the abiding importance of these essays drawn from 1968 to the present.

Table of Contents

Foreword by Robert M. Solow ix
Preface xi
Introduction 1(6)
PART ONE. THE HISTORY, THEORY, AND MEASUREMENT OF PRODUCTIVITY GROWTH 7(212)
Part One: Introduction
7(15)
1. Does the "New Economy" Measure Up to the Great Inventions of the Past?
22(28)
2. Interpreting the "One Big Wave" in U.S. Long-term Productivity Growth
50(40)
3. The Disappearance of Productivity Change
90(44)
4. The Concept of Capital
134(9)
5. Is There a Tradeoff between Unemployment and Productivity Growth?
143(29)
6. Forward into the Past: Productivity Retrogression in the Electric Generating Industry
172(47)
PART TWO. INTERPRETING PRODUCTIVITY FLUCTUATIONS OVER THE BUSINESS CYCLE 219(86)
Part Two: Introduction
219(7)
7. Fresh Water, Salt Water, and Other Macroeconomic Elixirs
226(13)
8. Are Procyclical Productivity Fluctuations a Figment of Measurement Error?
239(34)
9. The Jobless Recovery: Does It Signal a New Era of Productivity-Led Growth?
273(32)
PART THREE. THE THEORY OF THE INFLATION-UNEMPLOYMENT TRADEOFF 305(54)
Part Three: Introduction
305(8)
10. Alternative Responses of Policy to External Supply Shocks
313(19)
11. Supply Shocks and Monetary Policy Revisited
332(8)
12. The Theory of Domestic Inflation
340(9)
13. The Phillips Curve Now and Then
349(10)
PART FOUR. EMPIRICAL STUDIES OF INFLATION DYNAMICS IN THE UNITED STATES 359(130)
Part Four: Introduction
359(8)
14. Can the Inflation of the 1970s be Explained?
367(22)
15. The Output Cost of Disinflation in Traditional and Vector Autoregressive Models
389(31)
with Stephen R. King
16. German and American Wage and Price Dynamics: Differences and Common Themes
420(37)
with Wolfgang Franz
17. Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU
457(32)
Subject Index 489(12)
Author index 501

An electronic version of this book is available through VitalSource.

This book is viewable on PC, Mac, iPhone, iPad, iPod Touch, and most smartphones.

By purchasing, you will be able to view this book online, as well as download it, for the chosen number of days.

Digital License

You are licensing a digital product for a set duration. Durations are set forth in the product description, with "Lifetime" typically meaning five (5) years of online access and permanent download to a supported device. All licenses are non-transferable.

More details can be found here.

A downloadable version of this book is available through the eCampus Reader or compatible Adobe readers.

Applications are available on iOS, Android, PC, Mac, and Windows Mobile platforms.

Please view the compatibility matrix prior to purchase.