Cyclical Productivity in US Manufacturing (RLE: Business Cycles) - Routledge Library Editions: Business Cycles - Miguel Jimenez - Books - Taylor & Francis Ltd - 9781138858299 - February 28, 2017
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Miguel Jimenez
Cyclical Productivity in US Manufacturing (RLE: Business Cycles) - Routledge Library Editions: Business Cycles 1st edition

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This book presents several pieces of empirical work which disentangle why the standard measure of productivity growth used in macroeconomics turn out to be procyclical for American manufacturing industries. Procyclical productivity is an essential feature of business cycles because of its important implications for macroeconomic modelling. The author explains why traditional Keynesian theories of the business cycle do not explain satisfactorily why productivity is procyclical, and argues that the force of technology for generating economic cycles is much more important than that of the management or mismanagement of monetary or fiscal policies. This book is aimed at those working in empirical macroeconomics but also industrial economics.

202 pages

Media Books     Paperback Book   (Book with soft cover and glued back)
Released February 28, 2017
ISBN13 9781138858299
Publishers Taylor & Francis Ltd
Pages 196
Dimensions 150 × 220 × 10 mm   ·   294 g
Language English  

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