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Productivity Growth, Inflation, and Unemployment

Author

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  • Gordon,Robert J.

Abstract

The seventeen seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer sharply etched views on the principal topics of macroeconomics - growth, inflation, and unemployment.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.

Suggested Citation

  • Gordon,Robert J., 2004. "Productivity Growth, Inflation, and Unemployment," Cambridge Books, Cambridge University Press, number 9780521531429, September.
    • Handle: RePEc:cup:cbooks:9780521531429
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    Citations

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    Cited by:

    1. Jordi Galí & Thijs van Rens, 2021. "The Vanishing Procyclicality of Labour Productivity [Why have business cycle fluctuations become less volatile?]," The Economic Journal, Royal Economic Society, vol. 131(633), pages 302-326.
    2. Nicholas Oulton & María Sebastiá-Barriel, 2013. "Long and Short-Term Effects of the Financial Crisis on Labour Productivity, Capital and Output," CEP Discussion Papers dp1185, Centre for Economic Performance, LSE.
    3. Ruttan, Vernon W., 2005. "Military Procurement and Technology Development," Staff Papers 13639, University of Minnesota, Department of Applied Economics.
    4. Peadar Kirby, Director, Institute for the Study of Knowledge in Society and Professor of International Politics and Public Policy, University of Limerick and Pádraig Carmody, Lecturer in Geography and, 2009. "Moving beyond the Legacies of the Celtic Tiger," The Institute for International Integration Studies Discussion Paper Series iiisdp300, IIIS.
    5. Oulton, Nicholas, 2013. "Medium and long run prospects for UK growth in the aftermathof the financial crisis," LSE Research Online Documents on Economics 58239, London School of Economics and Political Science, LSE Library.
    6. van Schaik, A.B.T.M. & van de Klundert, T.C.M.J., 2010. "Productivity Growth and the Labor Market," Other publications TiSEM 6eb6d2c5-95a7-44e9-9cd4-6, Tilburg University, School of Economics and Management.
    7. Talan B. Işcan, 2008. "Productivity Growth and the Future of the U.S. Saving Rate," Working Papers daleconwp2009-02, Dalhousie University, Department of Economics.
    8. İşcan, Talan B., 2011. "Productivity growth and the U.S. saving rate," Economic Modelling, Elsevier, vol. 28(1), pages 501-514.
    9. Taleb Awad-Warrad & Buthaina M. A. Muhtaseb, 2017. "Trade Openness and Inclusive Economic Growth: Poverty Reduction through the Growth Unemployment Linkage," International Journal of Economics and Financial Issues, Econjournals, vol. 7(2), pages 348-354.
    10. Talan B. Işcan, 2009. "Engel and Baumol: How much can they explain the rise of service employment in the United States?," Working Papers daleconwp2009-03, Dalhousie University, Department of Economics.
    11. Dennis, Benjamin N. & Iscan, Talan B., 2009. "Engel versus Baumol: Accounting for structural change using two centuries of U.S. data," Explorations in Economic History, Elsevier, vol. 46(2), pages 186-202, April.
    12. Ruttan, Vernon W., 2006. "Is War Necessary for Economic Growth?: Military Procurement and Technology Development," OUP Catalogue, Oxford University Press, number 9780195188042.
    13. Benjamin N. Dennis & Talan B. Işcan, 2007. "Accounting for Structural Change: Evidence from Two Centuries of U.S. Data," Working Papers daleconwp2007-04, Dalhousie University, Department of Economics.
    14. Carbajal-De-Nova, Carolina & Venegas-Martínez, Francisco, 2019. "On the paradigm shift of asset pricing models, before and after the global financial crisis: a literature review," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 15(29), pages 7-38, Primer se.
    15. Ruttan, Vernon W., 2008. "General Purpose Technology, Revolutionary Technology, and Technological Maturity," Staff Papers 6206, University of Minnesota, Department of Applied Economics.
    16. Anastasios V. Katos & Eleni F. Katsouli, 2012. "The five little PIIGS and the big bad Troika," Economics Bulletin, AccessEcon, vol. 32(1), pages 1001-1007.
    17. van Schaik, A.B.T.M. & van de Klundert, T.C.M.J., 2010. "Productivity Growth and the Labor Market," Discussion Paper 2010-06, Tilburg University, Center for Economic Research.
    18. Ton Van Schaik & Theo van De Klundert, 2011. "Employment Protection Legislation and Catching up," Post-Print hal-00747937, HAL.
    19. Grömling, Michael & Hülskamp, Nicola, 2004. "Wirtschafts- und Produktivitätswachstum in Deutschland," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 31(4), pages 33-40.

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