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Wages, Regime Switching, and Cycles

  • Piero Ferri
  • Edward Greenberg

Table of contents

  1. Front Matter
    Pages i-xii
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Piero Ferri, Edward Greenberg
      Pages 3-13
  3. The Business Cycle

    1. Front Matter
      Pages 15-15
    2. Piero Ferri, Edward Greenberg
      Pages 17-29
    3. Piero Ferri, Edward Greenberg
      Pages 31-46
    4. Piero Ferri, Edward Greenberg
      Pages 47-64
  4. Wages and Prices

    1. Front Matter
      Pages 65-65
    2. Piero Ferri, Edward Greenberg
      Pages 67-79
    3. Piero Ferri, Edward Greenberg
      Pages 81-96
    4. Piero Ferri, Edward Greenberg
      Pages 97-113
  5. Regime Switching

    1. Front Matter
      Pages 115-115
    2. Piero Ferri, Edward Greenberg
      Pages 117-128
    3. Piero Ferri, Edward Greenberg
      Pages 129-141
    4. Piero Ferri, Edward Greenberg
      Pages 143-156
  6. Concluding Remarks

    1. Front Matter
      Pages 157-157
    2. Piero Ferri, Edward Greenberg
      Pages 159-171

About this book

Introduction

The initial purposes of this book were to update and extend the discussion and the results presented ill our previous book, The Labor Market and Business Cycle Theories. Our 1990 article, which appeared in The Journal of Economic Behavior and Organization, represented a first step in this direction. The consequences of this effort have materialized in a number of new chapters that has led de facto to a new book, in which the surviving parts have been largely revised. The 1989 book was too mathematically oriented for many Keynesians and post­ Keynesians to be fully appreciated and insufficiently microfounded for both new­ classicals and new-Keynesians to be warmly accepted, yet we received positive and encouraging comments, and it was sold out very quickly. It was an attempt to dis­ cuss dynamics in Keynesian terms, based on a double assumption that maintains its validity-that both economic facts and analytical and methodological innova­ tions had contributed to a renewed interest in business cycles, which over time has had its "ups and downs." Since then, many more articles and books have appeared, stressing in particular the role of microfoundations and of nonlinearities in shaping business cycle theory.

Keywords

Arbeitsmarkt Inflation Keynes Konjunktur Konjunkturzyklus Makroökonomie business cycle econometrics economics efficiency employment labor market macroeconomics modeling Ökonomie

Authors and affiliations

  • Piero Ferri
    • 1
  • Edward Greenberg
    • 2
  1. 1.University of BergamoBergamoItaly
  2. 2.Department of EconomicsWashington UniversitySt. LouisUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-77241-2
  • Copyright Information Springer-Verlag Berlin Heidelberg 1992
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-77243-6
  • Online ISBN 978-3-642-77241-2
  • Buy this book on publisher's site