IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-349-03260-0_2.html
   My bibliography  Save this book chapter

Recent Developments in the Theory of Inflation and Unemployment

In: Inflation Theory and Anti-Inflation Policy

Author

Listed:
  • Robert J. Gordon

    (Northwestern University)

Abstract

Theoretical and empirical research on the causes, costs, and cures of inflation and unemployment preoccupies a substantial portion of the economics profession. Any comprehensive survey of this body of work, while perhaps providing substantial revenue for the paper and ink industries, would be too indigestible to attract serious readers. Fortunately the restrictive word limit imposed on this paper prohibits an encyclopaedic review and requires a delimitation of scope. The paper takes a selective rather than comprehensive approach and is concerned with the causes of inflation and unemployment but not with their costs and cures; with theoretical developments but not with the results of empirical tests; and with papers written during the last decade but not those written earlier.2 The paper’s scope includes the causes of unemployment as well as inflation, because the most interesting recent papers have treated both phenomena as part of a single analytical problem, for instance, those which model the optimal adjustment by firms of employment and wage rates in response to unexpected changes in product demand.

Suggested Citation

  • Robert J. Gordon, 1977. "Recent Developments in the Theory of Inflation and Unemployment," International Economic Association Series, in: Erik Lundberg (ed.), Inflation Theory and Anti-Inflation Policy, chapter 2, pages 42-71, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-03260-0_2
    DOI: 10.1007/978-1-349-03260-0_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-349-03260-0_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.