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medium-run macroeconomics

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Journal Article
History of Political Economy (2015) 47 (3): 395–417.
Published: 01 September 2015
...Michaël Assous Robert Solow has called repeatedly for the development of models that combine equilibrium and out-of-equilibrium outcomes, or what he calls medium-run macroeconomics. This essay recounts the history of his various attempts to address that issue. It starts in the early 1950s, when...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 229–251.
Published: 01 December 2014
... , Sendai, Japan , July 26-28 . Assous Michaël . 2013 . “ Solow’s Struggle with Medium-Run Macroeconomics: 1956-1995 .” Working Paper 2013-17 , Center for the History of Political Economy at Duke University . Backhouse Roger E. 2012a . “Linear Programming and Economic Analysis...
Journal Article
History of Political Economy (2015) 47 (4): 687–689.
Published: 01 December 2015
... Struggle with Medium-Run Macroeconomics, 1956–95  395 Matthieu Ballandonne Creating Increasing Returns: The Genesis of Arrow’s “Learning by Doing” Article  449 Vincent Barnett Keynes and the Psychology...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 252–271.
Published: 01 December 2014
... Assous M. 2013 . “ Solow’s Struggle with Medium-Run Macroeconomics: 1956-1995 .” Working Paper 2013-17 , Center for the History of Political Economy at Duke University . Backhouse R. E. Boianovsky M. . 2013 . Transforming Modern Macroeconomics: Searching for Disequilibrium...
Journal Article
History of Political Economy (2020) 52 (5): 827–861.
Published: 01 October 2020
... . 2015 . “ Solow’s Struggle with Medium-Run Macroeconomics, 1965–95 .” History of Political Economy 47 , no. 3 : 395 – 417 . Backhouse Roger . 2017 . Founder of Economics: Paul A. Samuelson , 2 vol. Oxford : Oxford University Press . Backhouse Roger Boianovsky...
Journal Article
History of Political Economy (2018) 50 (3): 425–481.
Published: 01 September 2018
... of Economic Thought 21 ( 4 ): 724 – 42 . De Vroey Michel . 2015 . A History of Macroeconomics from Keynes to Lucas and Beyond . Cambridge UK : Cambridge University Press . Diamond Douglas W. Dybvig Philip H. 1983 . “ Bank Runs, Deposit Insurance, and Liquidity .” Journal...
Journal Article
History of Political Economy (2008) 40 (2): 397–405.
Published: 01 June 2008
... economy and, equivalently, an unsustainble level of output. A super-natural level of employment and a corresponding sub-natural unem- ployment rate are characteristic of many mainstream macroeconomic con- structions, including short-run/long-run Phillips curve analysis, the upward- sloping short-run...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 165–189.
Published: 01 December 2004
... Furstenberg. Cambridge:Ballinger. Tobin, James, and Jorge Braga de Macedo. 1980 . The Short-Run Macroeconomics of Floating Exchange Rates: An Exposition. In Flexible Exchange Rates and the Balance of Payments ,edited by John S. Chipman and Charles P. Kindleberger. Amsterdam:North-Holland. Tobin, James...
Journal Article
History of Political Economy (1988) 20 (4): 565–581.
Published: 01 November 1988
... run. A leftover from English classicists? And why only a single production run? Maximizing present net worth of an endless succession of production runs would be in better accordance with Bohm-Bawerk’s inherent logic and would be the straightforward thing to do. So we shall do...
Journal Article
History of Political Economy (2017) 49 (Supplement): 158–186.
Published: 01 December 2017
... formulated and proved the mathematical existence of a “uni- form” or “balanced growth path” of systems of sectors in a long-run equi- librium.16 In contrast to their mathematical rigor, Johansen’s construction was intended to contribute to the arsenal of technologies used for eco- nomic governance...
Journal Article
History of Political Economy (1980) 12 (4): 621–625.
Published: 01 November 1980
... anticipated- namely the theory of ‘inferior goods,’ the problem of ‘consumers’ surplus,’ the Duesenberry ‘ratchet’-effect, and other phenomena’’ (Vol. I, 119). Here Kuhne (as he often does throughout) lets his desire to show that Marx was a precursor of the now accepted conventional wisdom run away...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 92–126.
Published: 01 December 2004
... of macroeconomic textbooks.” Hicks based his formulation of the liquidity trap on the no- tion that the short-run nominal interest rate cannot be negative and that the long rate is formed by expectations about the future value of the short rate plus a risk premium. These ideas were fully developed in his 1939...
Journal Article
History of Political Economy (1981) 13 (3): 600–628.
Published: 01 September 1981
... distinctive characteristics peculiar to Japan in regard to the role of the economist in the government are, firstly, there is no profession called economists in Japanese society and, secondly, large organizations in Japan, whether government ministries, banks, or corporations, are run by generalist...
Journal Article
History of Political Economy (1999) 31 (2): 361–391.
Published: 01 June 1999
.... P. 1975 . The Classical Economists . Oxford: Clarendon Press. O'Brien , D. P. 1993 . Thomas Joplin and Classical Macroeconomics: A Reappraisal of Classical Monetary Thought . Aldershot, England: Edward Elgar. O'Brien , D. P. 1995 . Long-Run Equilibrium and Cyclical...
Journal Article
History of Political Economy (1972) 4 (1): 140–162.
Published: 01 March 1972
... (Oct. 1913) :177-83. SAMUELS THE TEACHING OF BUSINESS CYCLEIX 143 I1 The lecture notes proper run to 177 pages. They are in longhand, well-preserved, and legible. Taken primarily by Hale, a few days’ notes were copied from another student...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 285–303.
Published: 01 December 2009
... and patent protection. In the medium and long run, pure and applied scientifi c advances are widely learned and copied. These fea- tures are modeled to allow resources devoted to R&D—now seen as an explicit explanatory driver of growth—to depend on expected internal net benefi ts, but also emphasizing...
Journal Article
History of Political Economy (1990) 22 (3): 507–528.
Published: 01 September 1990
... significance of the non-neutrality of money in the short run. HOPE 17 (Spring): 17 -30. Ahiakpor , J. C. W. 1987 . “Capital” in the classical theory of interest: some consequences of Keynes's misinterpretation, and implications for an early correction. Mimeograph. Blaug , M. 1983...
Journal Article
History of Political Economy (1996) 28 (1): 27–55.
Published: 01 March 1996
... no real effects in the long run, thus separat- ing a priori the theories of relative prices and the price level. In contrast, the Wicksellian dichotomy grafts monetary analysis onto real analysis in such a way that the long-run neutrality of money must result from the market interaction among...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 67–87.
Published: 01 December 2009
..., this decisive 86 Harald Hagemann problem of combining short-, medium-, and long-run macroeconomics two decades later still has not yet been solved, and probably will not be solved in the near future. References Baumol, W. J. [1951] 1970. Economic Dynamics: An Introduction. 3rd ed. London...
Journal Article
History of Political Economy (1974) 6 (1): 114–118.
Published: 01 March 1974
... with the Commission for another year, and should advise you to do so, but only because you are in independent circumstances pecuniarily. That being the case, you can afford to run risks which a man dependent on his earnings could not properly take. ‘‘I suppose you know that Senator Aldrich...