Specificity and the Macroeconomics of Restructuring (Yrjö Jahnsson Lectures) 在线电子书 图书标签: macroeconomics
发表于2024-08-24
Specificity and the Macroeconomics of Restructuring (Yrjö Jahnsson Lectures) 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024
The core mechanism that drives economic growth in modern market economies is massive microeconomic restructuring and factor reallocation--the Schumpeterian "creative destruction" by which new technologies replace the old. At the microeconomic level, restructuring is characterized by countless decisions to create and destroy production arrangements. The efficiency of these decisions depends in large part on the existence of sound institutions that provide a proper transactional environment. In this groundbreaking book, Ricardo Caballero proposes a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from limitations, especially institutional, that hinder these adjustments.Caballero argues that macroeconomic models need to be made more "structural" in a precise sense and can not be maintained on the assumption that decisions are fully flexible. What is needed, he proposes, is the notion of specificity--the idea that factors of production are not freely interchangeable. Many of the major macroeconomic developments of recent decades, he argues, fit naturally into this perspective, including the transition problems of Eastern Europe, the heavy weight of labor regulations in Western Europe, the emerging market crises of the 1990s, the prolonged expansion of the U.S. economy, and Japan's stagnation following the collapse of its real estate bubble.After describing the basic arguments of the book and developing models to illustrate two different kinds of specificity (relationship specificity and technological specificity), Caballero analyzes a variety of aspects of inefficient restructuring and revisits perennial business cycle patterns such as the cyclical behavior of unemployment, investment, and wages. Finally, he looks at the endogenous response of political institutions and technology to opportunistic exploitation of relationship specificity. Economists working on macroeconomics, development, growth, labor, and productivity issues will find Caballero's conceptual framework applicable to phenomena in their fields.
Yrjo Jahnsson Lectures是一个久负盛名的经济学讲座系列,历史上在此讲座上演讲的全是某领域的大家,其中包括Arrow、Hicks、Tobin、Kornai、Dreze、Lucas、Sen、Holmstrom、Roth、Diamond、List等等。 Caballero成名的研究是调整成本理论,这本书基本上算是十几年调整成本理论...
评分Yrjo Jahnsson Lectures是一个久负盛名的经济学讲座系列,历史上在此讲座上演讲的全是某领域的大家,其中包括Arrow、Hicks、Tobin、Kornai、Dreze、Lucas、Sen、Holmstrom、Roth、Diamond、List等等。 Caballero成名的研究是调整成本理论,这本书基本上算是十几年调整成本理论...
评分Yrjo Jahnsson Lectures是一个久负盛名的经济学讲座系列,历史上在此讲座上演讲的全是某领域的大家,其中包括Arrow、Hicks、Tobin、Kornai、Dreze、Lucas、Sen、Holmstrom、Roth、Diamond、List等等。 Caballero成名的研究是调整成本理论,这本书基本上算是十几年调整成本理论...
评分Yrjo Jahnsson Lectures是一个久负盛名的经济学讲座系列,历史上在此讲座上演讲的全是某领域的大家,其中包括Arrow、Hicks、Tobin、Kornai、Dreze、Lucas、Sen、Holmstrom、Roth、Diamond、List等等。 Caballero成名的研究是调整成本理论,这本书基本上算是十几年调整成本理论...
评分Yrjo Jahnsson Lectures是一个久负盛名的经济学讲座系列,历史上在此讲座上演讲的全是某领域的大家,其中包括Arrow、Hicks、Tobin、Kornai、Dreze、Lucas、Sen、Holmstrom、Roth、Diamond、List等等。 Caballero成名的研究是调整成本理论,这本书基本上算是十几年调整成本理论...
Specificity and the Macroeconomics of Restructuring (Yrjö Jahnsson Lectures) 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024