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Innis Lecture: Explorations in medium-run macroeconomics

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Author Info
Paul Beaudry

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Abstract

Medium-run macroeconomics refers to aggregate economic phenomena that manifest over periods of 10 to 25 years. This area of research has emerged over the last decade as a new and distinct field of enquiry. In this paper, I overview a set of personal attempts aimed at understanding certain medium-run phenomena such as: changes in the wage structure, changes in the world distribution of income-per-capita, and changes in growth patterns across OECD countries. The goal of the paper is to extract general lessons from these experiences. In particular, I will discuss why models of endogenous technological choice may be a good starting point for studying medium-run phenomena.

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File URL: http://economics.ca/cgi/xms?jab=v38n4/02.pdf
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Publisher Info
Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 38 (2005)
Issue (Month): 4 (November)
Pages: 1136-1159
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Handle: RePEc:cje:issued:v:38:y:2005:i:4:p:1136-1159

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Find related papers by JEL classification:
E00 - Macroeconomics and Monetary Economics - - General - - - General
O00 - Economic Development, Technological Change, and Growth - - General - - - General

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This page was last updated on 2009-12-21.

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