Solow's Struggle with Medium-Run Macroeconomics: 1956-1995

Arbeitspapier

Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macroeconomics of the medium-run. This paper recounts the history of Solow's different attempts to address this issue. It starts in early 1950s when Solow developed his long-run growth model and it ends in the mid 1990s with the publication of A Critical Essay on Modern Macroeconomic Theory co-written with Frank Hahn. This narrative involves different economists associated with various research traditions, going from the neo-classical synthesis in the 1960s, the New Classical Economics in the 1970s and the New Keynesianism in the 1980s.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CHOPE Working Paper ; No. 2013-17

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: economic growth ; Robert Solow ; Medium-Run macroeconomics ; dynamics ; multiple equilibria

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Assous, Michael
• Ereignis: Veröffentlichung
• (wer): Duke University, Center for the History of Political Economy (CHOPE)
• (wo): Durham, NC
• (wann): 2013

Weitere Informationen

• Handle: http://hdl.handle.net/10419/149708
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ