Авторы: 147 А Б В Г Д Е З И Й К Л М Н О П Р С Т У Ф Х Ц Ч Ш Щ Э Ю Я

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Author index

Abel, A.B. xiv, 237, 301, 305, 306, 307,

321, 333, 378, 387, 408, 603, 612

Abraham, K.G. 328

Abramovitz, M. 34, 88, 585, 586, 587,

597, 610, 620, 635, 666, 693

Acemoglu, D. 31, 32, 517, 562, 563,

588, 635, 636, 637, 639, 642, 643,

652, 654, 656, 706

Ackley, G. 37, 38

Adelman, I. 597, 636

Adsera, A. 643

Aghion, P. 34, 556, 557, 585, 628

Aidt, T.S. 562

Akerlof, G.A. 57, 74, 160, 187, 247,

336, 372, 374, 384, 385, 388, 391,

392, 393, 432, 441

Akerman, J. 518

Akhtar, M.A. 262

Aldcroft, D.H. 12

Alesina, A. 2, 29, 30, 31, 195, 259, 260,

261, 262, 279, 413, 517, 519, 525,

526, 532, 535, 536, 537, 539, 542,

543, 544, 545, 547, 548, 549, 550,

551, 553, 554, 555, 556, 557, 558,

560, 564, 566, 567, 569, 572, 579,

637, 646, 652, 688

Allsopp, C. 416

Alogoskoufis, G.S. 261

Alston, R. 6

Alt, J.E. 30, 536, 565

Altonji, J.G. 328

Alvi, E. 398

Andersen, T.M. 371, 395

Ando, A. 171

Arestis, P. 187, 359, 376, 452

Arnold, L.G. 240, 297

Arrow, K.J. 336, 460, 625

Artadi, E. 653

Artis, M. 413

Ashton, P. 263, 285

Atkinson, A.B. 423

Attfield, C.L.F. 230

Azariadis, C. 384

Backhouse, R.E. 13, 46, 72, 113, 182,

230, 321

Backus, D.K. 257, 329, 341, 548

Bade, R. 260, 361

Bailey, M.N. 16, 384

Bain, K. 196

Bairoch, P. 589

Balassa, B. 648

Baldwin, R.E. 621, 647

Ball, L. 249, 250, 335, 363, 370, 378,

379, 394, 398, 403, 411, 429, 430,

437

Balls, E. 416, 419

Bardhan, P. 388

Barens, I. 113

Barro, R.J. 22, 32, 34, 72, 112, 156, 162,

163, 230, 231, 246, 268, 269, 288,

296, 297, 312, 317, 318, 320, 323,

346, 358, 360, 363, 371, 412, 430,

431, 440, 550, 556, 557, 564, 585,

586, 590, 603, 604, 610, 612, 617,

618, 622, 623, 625, 629, 631, 635,

636, 637, 640, 659, 662, 678, 688,

697

Barsky, R.B. 358

Bartels, L.M. 534

Bates, R.H. 563

Baumol, W.J. 13, 34, 46, 580, 584, 585,

587, 597, 611, 617, 622, 644, 650,

666, 697

Bean, C.R. 258, 401, 418

Beaud, M. 113, 223

Becker, G.S. 582, 621

Begg, D.K.H. 44, 230, 697

Benabou, R. 556

Bénassy, J.P. 362

Ben-David, D. 648, 650

Benjamin, D.K. 337

Benson Durham, J. 636

Berger, H. 414

Bernanke, B.S. xiv, 9, 11, 27, 76, 77, 79,

80, 81, 170, 237, 260, 262, 301,

305, 306, 307, 321, 333, 334, 378,

382, 387, 400, 408, 413, 414, 415,

416, 552, 603, 612, 633

Besley, T. 517

Bhagwati, J. 588, 600, 601, 614, 641,

647, 648

Bhaskar, V. 429

Birdzell, L.E. 592

Black, F. 323

Blackburn, K. 251, 256, 257, 262, 327,

548, 549, 588

Blackman, S.A.B. 587

Blanchard, O.J. xiv, 5, 6, 9, 29, 85, 113,

220, 262, 267, 269, 300, 301, 307,

335, 341, 360, 362, 365, 374, 401,

406, 408, 429, 696, 698, 704, 705

Blaug, M. 1, 5, 33, 113, 163, 164, 175,

182, 598, 626, 695, 697

Bleaney, M. 23, 260

Blinder, A.S. 29, 56, 110, 145, 179, 196,

197, 262, 267, 279, 299, 330, 335,

340, 341, 357, 358, 364, 365, 383,

428, 429, 430, 439, 442, 443, 536,

704

Bloom, D.E. 587, 598, 652, 653

Böhm-Bawerk, E. v. 474, 475

Boix, C. 643

Bolton, P. 564

Boone, P. 601

Booth, A. 17, 697

Bordo, M.D. 76, 77, 82, 113, 647

Boskin, M.J. 587

Bosworth, B.P. 614, 665

Bourguignon, F. 620

Brady, H.E. 534

Brandolini, A. 328

Braun, R.A. 334

Brech, M. 249

Brendon, P. 10

Bridel, P. 122

Brimmer, A.F. 185, 249

Britton, A. 2, 3, 5, 413

Bronfenbrenner, M. 299

Broughton, J.M. 135

Brown, G. 411, 414, 549, 592

Brumberg, R. 113, 697

Brunner, K. 50, 193, 697

Bruno, M. 21

Buchanan, J.M. 23, 90, 111, 195, 519

Budd, A. 258, 418

Buiter, W.H. 23, 145, 168, 196, 247,

270, 367, 410, 416

Burns, A. 16

Burns, A.F. 305

Burnside, C. 334

Burton, J. 23, 218, 519

Cagan, P. 205, 324, 697

Cairncross, A. 21

Cairncross, F. 21

Campbell, J.Y. 335

Canning, D. 652, 653

Capelli, P. 429

Capie, F.H. 556

Caplin, A.S. 430

Caporale, G.M. 342

Caporale, T. 298

Carabelli, A.M. 75

Carey, K. 77, 80, 81

Carlin, W. 334, 362, 403, 409

Carlson, K.M. 110

Carlton, D.W. 429

Carmignani, F. 544, 555

Caroli, E. 556, 557

Carter, M. 225, 230

Carvalho, F.J.C.D. 262

Case, A. 517

Caspari, V. 113

Cass, D. 675

Cecchetti, S.G. 370, 415, 416

Cesaratto, S. 612

Chadha, B. 249, 329

Chamberlin, E.H. 364

Chappell, H.W. 551

Chari, V.V. 220, 337

Chatterjee, S. 332

Chauvin, K. 429

Chenery, H.B. 601

Chick, V. 57, 452

Cho, J.O. 350

Choudri, E.U. 80, 82

Chow, G.C. 250

Christensen, M. 257, 548

Christiano, L.J. 337

Chrystal, K.A. 193, 565

Clague, C. 636

Author index 793

Clarida, R. 27, 419, 421, 423, 427

Clark, G. 657

Clower, R.W. 71, 72, 697

Cochran, J.P. 497

Coddington, A. 57, 70, 71, 277, 451, 452

Coe, D.T. 650

Cohen, G.D. 2, 30, 31, 195, 262, 525,

536, 572

Colander, D.C. 23, 56, 72, 113, 361,

365, 519

Cole, H. 15, 76, 79, 336, 337

Collier, P. 564, 588, 637, 646, 653

Collins, S.M. 614, 665

Cooley, T.F. 26, 307, 321, 322, 329, 350,

588

Cornwall, J. 248

Corry, B.A. 54

Crafts, N.F.R. 17, 582, 585, 593, 594,

598, 613, 614, 620, 622, 625, 626,

628, 629, 652

Criss, A.J. 615

Cross, R. 28, 175, 187, 192, 247, 401,

403, 405, 406, 411

Crucini, M.J. 79

Cukierman, A. 258, 538, 550, 551, 556

Culbertson, J.M. 169

Cunningham Wood, J. 57

Dalziel, P.C. 249

Danthine, J.P. 297, 307, 326, 705

Danziger, S. 459, 471

Darity, W. Jr. 113

Dasgupta, P. 635

David, P. 637

Davidson, G. 473

Davidson, P. 55, 57, 76, 113, 170, 324,

361, 431, 452, 453, 455, 458, 463,

469, 470, 473

Davies, D. 263, 285

Davis, M.D. 253

Dawson, J.W. 635

De Hahn, J. 414

De Prano, M. 171

De Vanssay, X. 124

De Vroey, M. 113, 222

De Wolff, P. 85, 698

Deane, P. 6

Deininger, K. 556

DeLong, J.B. 3, 17, 21, 77, 88, 142, 147,

195, 197, 358, 364, 421, 611, 616,

617, 622, 636, 637, 638, 640, 642,

648

Delorme, C.D. 329

Demery, D. 230

Denison, E.F. 34, 326, 596, 613, 614

Deutscher, P. 54, 69, 86, 87, 298

Devarajan, S. 601

Diamond, J. 594, 697

Diamond, P. 380, 412, 652, 654

Dickens, W.T. 160, 416

Dickinson, D.G. 297, 536

Dimand, R.W. 62, 111, 113, 120, 124

Dixon, H. 175, 231, 361, 364, 365, 376,

494

Dixon, W. 659

Dollar, D. 589, 597, 647, 659

Domar, E.D. 33, 586, 598

Donaldson, J.B. 297, 307, 327

Dore, M. 240

Dorfman, R. 49, 663

Dornbusch, R. 11, 44, 103, 113, 270,

325, 376, 377

Dostaler, G. 113, 223

Dow, C. 342

Downs, A. 523, 527, 539

Dowrick, S. 617

Doyle, C. 262, 553

Drago, R. 429

Drazen, A. 2, 30, 262, 517, 525, 536,

544, 546, 548, 554, 556

Driffill, J. 256, 257, 548

Duck, N.W. 230

Dunlop, J.G. 328

Durlauf, S.N. 335, 585, 587, 635

Easterlin, R.A. 580, 589, 594, 657

Easterly, W. 412, 536, 557, 563, 564,

585, 600, 601, 630, 635, 637, 641,

642, 646, 653

Edwards, S. 547, 556, 621, 630, 647,

648, 649

Eggertsson, G.B. 416

Eichenbaum, M. 29, 323, 332, 334, 336,

350, 705

Eichengreen, B. 10, 76, 79, 80, 81, 82,

637, 638

Eichner, A.S. 452

Eifert, B. 654

Eijffinger, S.C.W. 260, 414, 418, 551,

553

Ekelund, R.E. 329

Elmslie, B. 615

Els, van P.J.A. 307

Eltis, W. 164

Engerman, S. 643

Evans, C.L. 334

Evans, G.W. 228, 430

Fackler, J.S. 77

Fagerberg, J. 585, 604, 621

Fair, R. 336, 428, 525

Fajnzylber, P. 558

Fama, E. 323

Fay, J.A. 334

Fei, J. 615

Feiwel, G.R. 518

Feldstein, M. 23, 112, 300, 412, 416

Fellner, W. 249, 269

Ferguson, J.D. 76

Fischer, S. 6, 8, 11, 44, 103, 113, 220,

247, 257, 258, 268, 301, 307, 325,

328, 360, 363, 367, 368, 376, 409,

411, 412, 413, 416, 442, 536, 540,

551, 552, 556, 573, 585, 587, 614,

701

Fisher, I. 53, 79, 121, 135, 216

Fitoussi, J.P. 401, 404, 407

Fitzgibbons, A. 75

Fleming, J.M. 123

Fletcher, G. 122

Fogel, R.W. 587

Forbes, K. 556

Forder, J. 262

Frankel, J.A. 647

Freeman, C. 611

Frenkel, J.A. 135, 164, 188, 191

Frey, B.S. 2, 30, 521, 523, 525, 526,

544, 545, 547

Friedman, B.M. 196, 249, 409, 414

Friedman, M. 7, 21, 23, 25, 44, 79, 82,

89, 144, 160, 163, 164, 165, 166,

168, 169, 170, 171, 174, 175, 176,

179, 182, 184, 186, 193, 194, 195,

198, 202, 221, 236, 238, 249, 278,

285, 294, 300, 322, 323, 342, 354,

384, 410, 413, 454, 528, 550, 641,

697

Frisch, H. 140

Frisch, R. 223, 308

Frydman, R. 228

Fukuyama, F. 587, 638, 640, 642, 645,

659

Galbraith, J. 142, 187, 364, 423

Galbraith, J.K. 14, 56, 95

Gali, J. 27, 411, 419, 421, 423, 427, 431

Gallup, J. 596, 652

Galor, O. 34, 590, 591, 595, 596, 597,

621, 655, 706

Garcia-Penalosa, C. 556, 557

Garrison, R.W. 475, 491, 497, 504, 508

Gartner, M. 413, 517, 544

Gatti, R. 31, 553, 554, 574

Gelb, A. 654

Geraats, P.M. 413

Gerrard, B. 28, 57, 451, 698

Gerschenkron, A. 615, 620

Gertler, M. 27, 358, 382, 400, 419, 421,

423, 427

Ghosh, A. 412

Glaeser, E. 558, 635, 637

Glahe, F.R. 122

Goldberger, A.S. 697

Goldin, C. 76, 77, 584, 597

Golosov, M. 430

Goodfriend, M. 29, 269, 410, 411, 413,

427, 656, 701

Goodhart, C.A.E. 258, 262, 298, 550,

551

Gordon, D.B. 256, 269, 550

Gordon, D.F. 384

Gordon, R.J. 9, 11, 27, 78, 113, 174,

244, 246, 247, 248, 268, 269, 278,

296, 330, 357, 358, 360, 361, 364,

366, 369, 370, 373, 375, 379, 381,

384, 401, 406, 421, 426, 429, 536,

537, 587, 697

Grandmont, J.M. 470

Gray, C. 636

Green, J. 413

Greenspan, A. 415, 706

Greenwald, B.C. 21, 305, 327, 336, 360,

398, 399, 400, 409, 430

Grief, A. 635

Griffin, K. 601

Grilli, V. 260, 551

Grossman, G. 585, 628, 630

Grossman, H. 72, 363

Gujarati, D. 140

Gunning, J. 588, 653

Author index 795

Gurkaynak, R. 633

Gyimah-Brempong, K. 558

Gylfason, T. 585

Haberler, G. 37, 54, 236, 298, 696

Hadri, K. 541

Hahn, F.H. 247, 383, 458, 459, 460,

602, 671

Haldane, A. 413

Haley, J. 385

Hall, R.E. 220, 369, 370, 380, 401, 597,

637, 652

Hall, T.E. 76

Haltiwanger, J.C. 328

Hamberg, D. 612

Hamilton, J.D. 80, 304

Hammond, J.D. 170, 171, 174, 180

Hamouda, O.F. 452

Hansen, A.H. 70, 102, 113, 201

Hansen, B. 140

Hansen, G.D. 334, 348, 585, 595, 596,

656

Hansen, L.P. 322

Harcourt, G.C. 452, 478

Hargreaves-Heap, S.P. 361, 362, 405

Harrison, L.E. 634

Harrod, R. 33, 57, 455, 518, 569, 586,

598

Hartley, J.E. 27, 294, 297, 309, 322,

332, 336, 343

Havrilesky, T.M. 535, 551

Hayek, F.A. 23, 55, 89, 180, 237, 474,

475, 488, 503, 504, 508, 516

Haynes, S.E. 536

Healey, N. 551

Heckman, J.J. 322, 597

Heilbroner, R.L. 11

Heinlein, R. 480

Helpman, E. 585, 628, 630, 650

Henderson, H. 58

Hennings, K.H. 475

Henry, S.G.B. 185

Herbst, J. 636, 653

Hess, G.D. 341

Heston, A. 355, 587

Heymann, D. 412

Heywood, J.S. 429

Hibbs, D.A. 30, 31, 517, 525, 526, 532,

534, 536, 538, 539, 541, 547, 548,

570, 635

Hicks, J.R. 22, 37, 57, 70, 102, 113,

298, 366, 465, 466, 467, 696

Hirschman, A. 558

Hoffmaisler, A.W. 650

Holt, R.P.F. 452

Honkapohja, S. 228, 430

Hoover, K.D. 25, 27, 28, 61, 170, 208,

220, 222, 230, 236, 237, 238, 267,

268, 283, 290, 294, 297, 322, 327,

332, 335, 336, 343, 353, 697

Horrell, S. 585

Horwitz, S.G. 475

Howells, P. 196

Howitt, P.W. 34, 72, 359, 442, 585, 628

Hsieh, C. 614

Hume, D. 54, 164

Huntington, S.P. 4, 634, 635, 659

Hutchison, M.M. 259

Hutchison, T.W. 15

Inada, K. 604

Ireland, P.N. 400, 431

Irwin, D. 651

Islam, N. 615

Jackman, R. 362, 395, 401, 403, 406, 423

Jackson, D. 193

Jaffe, D. 400

James, H. 76, 79, 80

Jamison, D.T. 653

Jansen, D.W. 329

Jay, P. 594

Jenkins, M.A. 551

Jestaz, D. 401, 404, 407

Johnson, E.S. 174

Johnson, H.G. 5, 9, 23, 24, 121, 164,

165, 188, 191, 339, 557, 697

Johnson, P. 636, 637

Johnson, S. 635, 643, 652, 654, 656

Jones, C.I. 34, 585, 589, 594, 595, 597,

603, 617, 618, 622, 623, 627, 628,

629, 631, 637, 648, 654, 656

Jones, E.L. 594, 657

Jones, H.G. 602, 608

Jorgenson, D.W. 587, 596, 613, 697

Judd, J.P. 327, 330

Kahn, J. 79

Kahn, R.F. 57, 61, 376

Kaldor, N. 169, 324, 557, 595, 685

Kalecki, M. 518, 570

Kareken, J. 169

Kasper, S.D. 8

Katz, L.F. 384, 385, 401, 406, 429

Kearl, J.R. 6

Keech, W. 517

Keefer, P. 635, 636, 637, 646

Keegan, W. 185

Kehoe, P.J. 297, 329, 337, 341

Kelly, L.C. 631

Kenny, C. 586

Keulen, M.V. 551

Keuzenkamp, H.A. 225

Keynes, J.M. 8, 9, 14, 22, 36, 45, 49, 54,

55, 56, 58, 59, 60, 61, 62, 63, 65,

66, 68, 69, 70, 71, 73, 77, 79, 83,

84, 88, 101, 201, 202, 206, 225,

229, 236, 298, 327, 328, 396, 430,

451, 453, 455, 456, 457, 459, 460,

461, 462, 464, 465, 468, 470, 471,

484, 493, 503, 510, 512, 518, 593,

612, 696, 698, 699

Khan, Z. 629, 643

Kilian, L. 358

Killick, T. 521

Kim, J.-I. 665

Kim, K. 236, 238, 297

King, M. 403, 413, 415, 416, 418

King, R.G. 29, 113, 269, 298, 303, 323,

361, 410, 411, 427, 431, 601, 701

Kirman, A.P. 336

Kirschner, D. 341

Kirshner, J. 412

Kiyotaki, N. 374

Klamer, A. 56, 165, 698

Klein, L.R. 57, 70, 108, 451, 697, 698

Klenow, P.J. 34, 598, 625, 633

Knack, S. 635, 636, 637, 646

Knight, F.H. 229

Kochin, L.A. 80, 82

Kontolemis, Z. 413

Koopmans, T.C. 264, 675

Kornai, J. 641, 649

Kraay, A. 589, 597, 647, 659

Kramer, G.H. 525

Kregel, J.A. 452

Kremer, M. 593, 628, 656

Kreps, D.M. 471

Krueger, A.B. 401

Krueger, A.O. 597, 621, 647, 648

Krugman, P. 76, 147, 175, 360, 410,

614, 622, 652, 686

Kumar, S. 621

Kuttner, K.N. 414

Kuznets, S. 557, 580

Kydland, F.E. 26, 221, 249, 250, 251,

263, 269, 283, 294, 307, 309, 317,

320, 321, 322, 323, 324, 326, 327,

328, 331, 341, 351, 409, 413, 546,

550, 588, 697

Laband, D. 586

Laidler, D.E.W. 9, 17, 50, 51, 99, 165,

169, 173, 174, 191, 193, 222, 274,

299, 336, 357, 363, 365, 428, 536

Laing, D. 367

Lakatos, I. 182

Lake, D. 659

Lal, D. 593, 594, 635

Landau, R. 637

Landes, D.S. 589, 594, 629, 635, 645,

654, 657

Landman, T. 636

Laroque, G. 470

Lau, L.J. 665

Laubach, T. 27, 413, 416

Lawrence, R. 648

Lawson, T. 75

Layard, R. 362, 395, 401, 403, 406, 408,

423

Lederman, D. 558

Lee, R. 655, 656

Lee, S.P. 12

Lee, W. 637

Leeson, R. 142, 144, 146, 176, 180

Leibenstein, H. 388, 389, 392

Leijonhufvud, A. 37, 57, 71, 72, 73, 74,

75, 99, 113, 230, 336, 359, 391,

398, 410, 412, 446, 484, 494, 513,

698

Lerner, A. 519

Leslie, D. 365

Levacic, R. 300

Levine, R. 564, 585, 601, 630, 635, 637,

642, 646, 653

Lewer, J.J. 647

Lewis, W.A. 556, 600, 665

Lilien, D.M. 335

Lindbeck, A. 357, 360, 361, 394, 395,

396, 410, 422, 431, 432, 526, 535

Author index 797

Lipset, S.M. 640

Lipsey, R.G. 23, 137, 139, 140, 142,

248

Litterman, B. 323

Littleboy, B. 75

Littlechild, S. 475

Ljungqvist, L. 214, 263, 285, 352, 404

Loayza, N. 558

Lockwood, B. 261

Loewy, M.B. 648, 650

Lohmann, S. 259

Long, J.B. 26, 295, 323, 331, 697

Lovell, M.C. 228

Lucas, R.E. Jr. 22, 23, 24, 25, 26, 33, 34,

89, 145, 157, 162, 165, 182, 203,

211, 219, 221, 222, 224, 232, 233,

234, 235, 236, 237, 238, 239, 240,

241, 250, 263, 264, 265, 266, 267,

269, 272, 294, 295, 296, 297, 305,

306, 307, 308, 311, 328, 348, 353,

354, 358, 383, 430, 441, 472, 540,

550, 579, 585, 587, 588, 596, 597,

598, 616, 619, 620, 624, 625, 647,

657, 666, 675, 678, 697

Lundberg, M. 556

Machin, S. 429

MacRae, C.D. 526, 535

Maddison, A. 17, 18, 34, 326, 581, 587,

589, 590, 593, 596, 613, 616, 627,

638, 639, 640, 657

Maddock, R. 225, 230

Madsen, J.B. 408

Malinvaud, E. 72

Maloney, J. 541

Mankiw, N.G. xiv, 7, 24, 27, 33, 36,

175, 194, 197, 242, 284, 313, 332,

334, 335, 348, 358, 359, 361, 363,

364, 371, 372, 378, 379, 398, 409,

431, 433, 442, 449, 450, 585, 590,

598, 603, 604, 611, 617, 622, 624,

625, 629, 632, 633, 680, 697, 700

Manning, A. 384, 422

Marris, R. 376

Marshall, A. 388

Martin, P. 621

Martin, R. 652

Mas, I. 551

Masciandaro, D. 260, 551

Masson, P.R. 249

Matthews, K. 248, 249

Matthews, R.C.O. 17, 602

Mauro, P. 563, 644

Mayer, T. 6, 50, 164, 171, 173, 193, 197,

358, 422, 551

Mazower, M. 10

Mazzoleni, R. 628

McCallum, B.T. 297, 332, 360, 536

McCleary, R.M. 635

McCloskey, D.N. 579

McDermott, J. 656

McDonald, I.M. 381, 395

McGrattan, E.R. 337, 627

McGregor, R.R. 551

McPherson, M. 626

Meade, J.E. 697

Meadows, D.H. 691

Medoff, J.L. 334

Mehra, R. 281, 348

Mehta, G. 75

Meier, G.M. 520

Meiselman, D. 171

Melchior, A. 617

Mellinger, A. 596, 652

Meltzer, A.H. 57, 62, 65, 538

Mendoza, E.G. 341

Menger, C. 474

Meredith, G. 249

Metzler, L.A. 662

Meyer, S. 394

Micklewright, J. 423

Milanovic, B. 620

Mill, J.S. 5, 645

Millard, S. 334

Minford, A.P.L. 89, 230, 248, 249, 262,

263, 285, 300, 404, 539

Minier, J. 636, 659

Miron, J.A. 204

Mises, L. v. 475, 508

Mishkin, F.S. 27, 197, 246, 260, 262,

269, 413, 414, 415, 416, 552

Mitchell, W.C. 305

Mizen, P. 413

Moav, O. 595, 597, 655

Modigliani, F. 22, 57, 68, 70, 73, 101,

102, 113, 145, 171, 187, 196, 262,

264, 300, 331, 402, 518, 697, 698

Moggridge, D. 57

Mokyr, J. 584, 594, 630, 656, 657

Morgan, B. 122

Morgenstern, O. 466

Morris, C.T. 636

Morrisson, C. 620

Mosley, P. 525

Motto, R. 337

Mountford, A. 590, 591, 621

Muellbauer, J. 333, 334

Mulhearn, C. 697

Mullineux, A.W. 236, 269, 297, 307,

327, 536, 588

Mundell, R.A. 10, 123, 130, 135

Murphy, K.M. 560, 643, 645, 685, 694

Muscatelli, A. 259, 411, 413

Mussa, M. 191

Muth, J.F. 207, 219, 221, 224, 225, 226,

230, 238, 697

Myles, G.D. 637

Myrdal, K.G. 557, 685

Naish, H.F. 382

Nelson, C.R. 299, 300, 301, 303, 309,

331, 335

Nelson, R.R. 556, 586, 597, 612, 628,

630

Nickell, S. 263, 328, 362, 395, 401, 403,

404, 406, 408, 422, 423

Noland, M. 640

Nordhaus, W.D. 30, 262, 331, 525, 526,

527, 529, 530, 532, 535, 536, 537,

542, 547, 553, 565, 570, 587

North, D.C. 597, 628, 635, 636, 637,

643, 656

O’Brien, D.P. 37

O’Donnell, G. 416, 419

O’Donnell, R.M. 57, 75, 76

O’Rourke, K.H. 647

Obstfeld, M. 135, 414

Ohanian, L.E. 15, 76, 79, 329, 336, 337,

588

Okun, A. 235, 268, 376, 381, 429

Olson, M. 517, 558, 588, 597, 620, 633,

635, 636, 638, 640, 641, 692

Ormerod, P.A. 185

Ottaviano, G.P. 621

Pack, H. 601, 630

Paish, F.W. 146

Paldam, M. 536, 637

Papademos, L.D. 187, 402

Parente, S.L. 355, 562, 585, 595, 620,

621, 629, 630, 633, 636, 650, 656

Parker, R.E. 9, 13, 77

Parkin, M. 220, 260, 361, 372

Parkinson, M.L. 334

Passell, P. 12

Patinkin, D. 14, 22, 23, 56, 57, 62, 71,

72, 73, 113, 120, 166, 167, 452

Payne, M. 643

Pearce, K.A. 61

Peel, D.A. 89, 263, 285, 539

Peng, W. 536

Perez, S.J. 170

Perotti, R. 31, 519, 550, 554, 555, 556,

557, 558, 560, 569

Perry, G.L. 23, 160, 416

Persson, T. 257, 517, 538, 554, 556,

558

Pesaran, H. 75

Pesek, B. 121

Phelps, E.S. 28, 57, 144, 174, 205, 221,

223, 228, 247, 268, 328, 330, 332,

357, 361, 363, 364, 367, 370, 376,

381, 383, 384, 389, 401, 404, 405,

407, 408, 409, 413

Philippopoulos, A. 261

Philipson, T.J. 582, 621

Phillips, A.W. 23, 113, 136, 140

Phillips, S. 412

Pickering, A.C. 541

Pierce, J.L. 196

Piga, G. 413, 414

Pigou, A.C. 120, 122

Pindyck, R. 379

Plosser, C.I. 26, 41, 89, 201, 295, 297,

298, 299, 300, 301, 303, 309, 311,

317, 321, 323, 324, 326, 327, 331,

335, 697

Pomeranz, K. 34, 580, 594

Poole, W. 196, 249

Porter, M. 652

Posen, A.S. 27, 262, 413, 416, 554

Prasad, E. 329

Prescott, E.C. 26, 27, 33, 76, 79, 80,

221, 249, 250, 251, 263, 269, 281,

283, 294, 297, 298, 307, 309, 317,

320, 321, 322, 323, 324, 325, 326,

327, 328, 331, 334, 337, 338, 344,

348, 351, 355, 356, 409, 413, 546,

550, 562, 585, 588, 595, 596, 620,

Author index 799

621, 629, 630, 633, 636, 650, 656,

675, 697

Presley, J.R. 97, 122, 298

Pritchett, L. 34, 580, 617, 620, 683

Proudman, J. 630

Purvis, D.D. 173, 193

Quah, D.T. 322, 341, 365, 587, 635,

667

Raff, D.M.G. 394

Ramey, G. 412

Ramey, V.A. 412

Ramsey, F. 675, 679

Ranis, G. 615

Rankin, N. 365

Rappaport, J. 654

Rapping, L.A. 220, 224, 233, 240, 311

Ravn, M.O. 327

Razin, A. 135

Rebelo, S.T. 303, 334, 626

Redding, S. 630

Redman, D.A. 226, 230

Reid, G.C. 429

Reis, R. 364

Reynolds, L.G. 593, 594, 636

Rhee, W. 341

Riddell, C. 694

Riddell, R. 601

Rivera-Batiz, L. 647

Robbins, L. 475

Roberts, P.C. 300

Robertson, D.H. 97, 357

Robinson, J.A. 31, 32, 517, 562, 563,

588, 635, 636, 637, 642, 643, 652,

654, 656, 706

Robinson, J. 17, 55, 71, 93, 113, 324,

364, 452

Robinson, S. 640

Rodriguez, F. 647

Rodriguez-Clare, A. 34, 598, 625, 633

Rodrik, D. 517, 556, 558, 585, 596, 633,

635, 637, 641, 646, 647, 648, 651,

652, 658, 706

Roed, K. 404

Roemer, J. 637

Rogerson, R. 187, 348

Rogoff, K. 30, 135, 257, 258, 376, 419,

525, 526, 532, 538, 547, 552, 553,

572

Roland, G. 564

Romer, C.D. 12, 16, 23, 79, 82, 170,

171, 197, 238, 335, 412, 413, 419,

422, 706

Romer, D. 23, 27, 32, 33, 170, 171, 197,

238, 335, 363, 364, 373, 378, 379,

380, 382, 398, 412, 413, 419, 422,

423, 424, 426, 427, 429, 430, 431,

442, 450, 590, 598, 604, 611, 624,

625, 632, 647, 697, 700, 706

Romer, P.M. 34, 354, 579, 585, 587,

595, 598, 604, 615, 616, 621, 622,

623, 625, 626, 627, 628, 629, 630,

647, 649, 666, 673, 683, 694

Rose-Ackerman, S. 637

Rosen, S. 383

Rosenberg, N. 394, 592, 630

Rosenthal, H. 30, 517, 539, 542, 545

Rostagno, M. 337

Rostow, W.W. 10, 586, 597, 600

Rotemberg, J.J. 328, 334, 360, 371, 372,

380, 430

Rothbard, M.N. 475

Rothschild, K.W. 140

Roubini, N. 2, 30, 31, 195, 262, 517,

525, 536, 542, 572

Rubinfeld, D.L. 379

Rush, M. 268, 297

Russell, R.R. 621

Ryan, C. 269, 297, 307, 327, 588

Rymes, T.K. 113

Sachs, J.D. 21, 31, 80, 82, 88, 219, 542,

587, 596, 598, 616, 621, 630, 647,

648, 652, 653, 654

Sahay, R. 556

Sala-i-Martin, X. 32, 162, 288, 297,

563, 585, 586, 590, 603, 604, 611,

617, 618, 620, 622, 623, 625, 631,

635, 653, 654, 662, 678

Salant, W.S. 17

Salop, S.C. 388, 389

Salyer, K.D. 27, 294, 297, 322, 332,

336, 343

Samuelson, P.A. 22, 54, 56, 70, 101,

142, 144, 174, 201, 277, 298, 300,

358, 662, 663

Sandilands, R. 77

Sanfey, P.J. 394

Santomero, A.M. 136, 179

Sargent, T.J. 22, 23, 24, 26, 89, 205,

214, 219, 242, 249, 263, 265, 266,

267, 269, 281, 285, 352, 353, 404,

472, 540

Savage, L. 464, 466, 467, 468

Saving, T.R. 121

Sawyer, M. 359, 452

Say, J.B. 46

Schaling, E. 260

Scheinkman, J. 558, 637

Schmookler, J. 631

Schneider, F. 2, 30, 525, 526, 544, 545,

547

Schuknecht, L. 522, 538

Schultz, K. 544, 545, 546

Schumpeter, J.A. 298, 519, 644

Schwartz, A.J. 25, 79, 82, 113, 164, 165,

170, 202, 236, 238, 322, 323, 324,

354

Scott, A. 334

Seater, J.J. 136, 179

Selgin, G.A. 516

Sensier, M. 334

Serageldin, I. 635

Sevilla, J. 652

Shackle, G.L.S. 71, 76, 229

Shafir, E. 412

Shapiro, C. 388, 390, 409, 423

Shaw, G.K. 112, 230, 431, 600

Sheffrin, S.M. 230, 332, 398

Sheridan, N. 419

Shiller, R.J. 412

Shin, K. 341

Shleifer, A. 558, 560, 635, 636, 637,

642, 643, 645, 685

Sibert, A. 30, 525, 526, 538, 547, 572

Siebert, H. 263, 401, 404

Siklos, P.L. 556

Simkins, S.P. 307

Sims, C.A. 169, 268, 322, 323

Singleton, K.J. 323

Skidelsky, R. 8, 14, 56, 57, 62, 75, 77,

82, 83, 86, 89, 90, 91, 150, 175

Skousen, M. 507

Smith, A. 7, 13, 615, 635, 650, 653

Smith, D. 185

Smith, R.T. 327, 329

Smithin, J. 135

Smolensky, E. 459, 471

Snowdon, B. 5, 10, 17, 23, 25, 30, 31,

32, 57, 68, 70, 73, 74, 75, 77, 113,

145, 165, 175, 220, 221, 222, 229,

230, 235, 267, 284, 292, 295, 297,

304, 328, 336, 339, 342, 348, 357,

360, 361, 362, 412, 413, 414, 429,

430, 452, 523, 536, 537, 549, 560,

564, 584, 585, 586, 587, 588, 601,

619, 641, 646, 647, 658, 661, 701

Snower, D.J. 394, 395, 396, 422

Soares, R.R. 582, 621

Soh, B.H. 536

Sokoloff, K. 629, 643

Sola, M. 329

Solomou, S. 301

Solow, R.M. 29, 33, 110, 142, 144, 145,

146, 169, 176, 187, 262, 264, 267,

275, 300, 325, 383, 385, 391, 392,

395, 410, 441, 466, 585, 586, 598,

602, 609, 611, 612, 613, 660, 663,

683, 703, 704, 705

Soskice, D. 334, 362, 403, 409

Sowell, T. 46

Spence, M. 388

Spencer, R.W. 110

Spinelli, F. 258

Spolare, E. 31, 564, 565, 578, 579, 652

Sprague, A. 263, 285

Spulber, D.F. 430

Squire, L. 556

Sraffa, P. 93

Srinivasan, T.N. 647

Stadler, G.W. 268, 297, 308, 332, 335

Stafford, G. 587

Stanislaw, J. 523

Startz, R. 11, 103, 113, 325

Stein, H. 17

Stevenson, A. 184

Stewart, M. 16

Stiglitz, J.E. 21, 122, 187, 262, 305,

327, 336, 360, 361, 364, 380, 382,

383, 385, 388, 390, 398, 399, 400,

409, 422, 423, 430, 432, 522, 553

Stiroh, K. 587

Stock, J.H. 335

Stone, J.A. 536

Stone, J.R.N. 697

Strigl, R. 508

Strout, A.M. 601

Subramanian, A. 563, 635, 654

Sugden, R. 467

Author index 801

Summers, L.H. 17, 31, 259, 260, 261,

294, 322, 328, 332, 333, 334, 336,

348, 354, 394, 401, 406, 413, 416,

549, 551, 553, 554, 611, 648

Summers, R. 355, 587

Svensson, L.E.O. 220, 257, 258, 413,

414, 416, 420

Swan, T.W. 33, 586, 598, 602

Tabellini, G. 260, 517, 538, 548, 551,

554, 556, 558

Tallroth, N.B. 654

Tamura, R. 620

Tanzi, V. 522, 644, 658

Tarshis, L. 328

Taussig, M. 459, 471

Tavelli, H. 258

Taylor, A. 414, 647

Taylor, A.M. 588

Taylor, H. 255

Taylor, J.B. 3, 29, 229, 247, 268, 270,

328, 363, 367, 369, 370, 376, 409,

410, 411, 412, 420, 422, 423, 424,

426, 427, 705

Taylor, J. 140

Taylor, T. 637

Temin, P. 10, 76, 79, 80, 81, 82, 171,

342, 635

Temple, J. 412, 585, 596, 609, 636, 637,

706

Tenyero, S. 564

Theil, H. 520

Thirlwall, A.P. 359

Thomas, R. 637

Thompson, J.L. 173, 193

Thurow, L.C. 391, 587

Timbrell, M. 383

Tinbergen, J. 250, 520

Tobin, J. 5, 14, 16, 22, 23, 32, 55, 112,

113, 121, 146, 147, 148, 156, 169,

174, 175, 184, 187, 220, 222, 223,

232, 262, 268, 278, 295, 300, 313,

324, 331, 334, 338, 358, 359, 360,

361, 396, 398, 402, 430, 442, 469,

518, 697

Tocqueville, A. de 519

Tomlinson, J.D. 17, 697

Toniolo, G. 17, 585

Townshend, H. 71

Trebbi, F. 635

Trecroci, C. 411, 413

Trehan, B. 327, 330

Trevithick, J.A. 46, 66, 184

Trigg, A. 298

Tufte, E.R. 525, 532, 536

Tullio, G. 258

Turner, H.A. 193

Tversky, A. 412

Ugur, M. 135

Vamvakidis, A. 651

Van den Berg, H. 647

Van der Gaag, J. 459, 471

Vane, H.R. 5, 23, 25, 30, 68, 70, 73, 75,

145, 165, 173, 175, 187, 193, 220,

221, 222, 229, 235, 267, 284, 292,

295, 297, 304, 328, 339, 348, 360,

361, 362, 452, 585, 586, 588, 661,

697, 701

Vaughan, M.B. 6

Vegh, C. 556

Venables, A.J. 652

Venables, T. 620, 652

Vercelli, A. 29

Verdier, T. 563, 642

Vetter, H. 395

Vickers, J. 413

Vines, D. 83, 84, 85, 416

Vishny, R.W. 560, 643, 645, 685

Von Neumann, J. 466

Wacziarg, R. 564, 565

Wagner, R. 23, 90, 195, 519

Wallace, N. 26, 242, 249, 269, 540

Waller, C.J. 259

Walsh, C.E. 257, 258, 259, 297, 550,

552, 576

Walters, A.A. 225

Walters, B. 452

Wang, T. 640

Warming, J. 61

Warner, A.M. 616, 621, 630, 647, 648,

654

Watson, M.W. 335, 358

Weale, M. 262, 553

Weber, S. 299

Weil, D.N. 33, 34, 450, 595, 596, 598,

624, 625, 632, 655, 706

Weingast, B.R. 636, 643, 656

Weinstein, D. 648

Weintraub, E.R. 57, 170

Weiss, A. 385, 388, 429

Weiss, L. 323

Weitzman, M.L. 423

Wells, J. 586

Wheeler, M. 76

White, E.N. 76, 77

White, H. 601

White, L.H. 516

Wickens, M. 322, 338, 341

Wicksell, K. 6

Wilkinson, F. 193

Willet, T.D. 517, 537

Williams, D. 586

Williams, J.C. 631

Williamson, J.G. 647

Williamson, S.D. 296, 297, 343

Wilson, T. 122

Winters, A. 647

Wittman, D.A. 539

Wolfe, E.N. 587, 597

Wolfers, J. 401, 408

Woodford, M. 4, 85, 220, 380, 413, 416,

697, 698

Woolley, J.T. 535, 551

Wright, G. 584, 637

Wrigley, E. 594

Wynarczyk, P. 25, 75, 221, 229, 295, 701

Yang, X. 652

Yellen, J.L. 372, 374, 384, 385, 388,

391, 393, 441

Yergin, D. 523

Ying, L.G. 649

Young, A. 679

Young, A. 613, 614, 622, 655

Young, D. 452

Young, W. 113

Zak, P.J. 637, 646

Zarnowitz, V. 305, 307, 327, 537

Zhang, T. 404

Zijp, R. 223, 224, 238, 241

Zilberfarb, B.Z. 113

Zoega, G. 364, 401, 404, 407, 408

803

accelerationist hypothesis 62

adaptive expectations 227, 528, 535

aggregate demand externality 374

aggregate supply

models of 53, 67, 78, 233, 243,

315–19, 397, 400

aggregate supply hypothesis 233–5

agreement/disagreement in

macroeconomics 3–6, 695–707

AK growth model 626–7

animal spirits 102, 225, 463, 468, 512

asymmetric information 388, 537

augmented Solow growth model 625,

632–3

Austrian approach 15, 28, 89, 238, 298,

474–516

balance of payments 124–35

automatic adjustment of 189

monetary approach to 187–92

Bank of England 414–17, 549, 553, 706

bonds and net wealth 110–12, 121–2

Bretton Woods 84, 187, 191, 638

business cycle 1, 3, 9–13, 16, 33, 76–82,

170, 236–42, 300–320, 396–401,

503–9, 525–46

business cycle stylised facts 304–7

capital accumulation 606–9

capital deepening 607, 626

capital fundamentalism 556–7, 601

capital widening 607

calibration 320–22

capital market imperfections 382,

398–400

catch-up hypothesis 88, 614, 620–21,

630, 650, 659

central bank independence 257–62, 532,

549–54, 592, 705

classical approach 7, 8, 13, 14, 22,

37–54

classical model

output and employment determination

in 38–45

Say’s law and the 45–50

quantity theory of money and the

50–54

Cobb–Douglas production function 609,

613, 623

comparative advantage 648

constant returns to scale 604, 625

consumption function 59, 62, 265,

510–12, 606

convergence

conditional 617, 631, 648

unconditional 617, 649

convergence club 617, 619

convergence debate 614–22, 659

coordination failure 73, 74, 230, 336,

359, 398

corruption 523, 558, 643–6

Council of Economic Advisers 23, 146

Cowles Commission 22

credibility 248–9, 262, 546, 548–9

credit rationing 400

crowding out 61, 69, 107, 110, 132

customer markets 381

deflation 77, 120, 416, 513–15

demand for money 51, 62, 104

and the modern quantity theory

166–74

empirical evidence 168–73

Keynesian approach 70, 104–6

democracy 10, 636, 640–43, 658–9

dictatorship 10, 562–3, 641–3

disinflation 247–9, 267, 334, 421, 705

Dornbusch’s overshooting model

376–8

economic growth 1, 18, 32–4, 479–83,

556–64, 579–659, 706

Subject index

economic history and 580–82, 593–5,

654–7

fundamental causes 596–8, 633–54

geography and 652–4

ideal conditions for 657–9

importance of 589–93

inequality and 556–62, 637

institutions and 562–4, 635–47,

651–2, 658

intensive 593–4

natural experiments and 638–40

political barriers and 642

Promethean 594

proximate causes 596–8, 603, 612

renaissance of research in 585–8

Smithian 594

stylized facts and 595–6

trade and 647–52

effective demand 14, 58, 63, 69, 70, 102,

410, 453–5

efficiency wage theories

and adverse selection 388–9

and fairness 391–3

and labour turnover 389

and shirking 389–91, 423

generalized 384–8

endogeneity of money 190, 298, 323

Employment Act, US 15

entrepreneur economy 461–3, 644

ethnic diversity 563–5, 635, 642, 646

exchange rates 123–35

fixed 187–91

flexible 191–2, 416

expectations

adaptive 180–81, 227

rational 29, 181, 225–30

expenditure switching policies 189–90

Federal Reserve 79, 81–2, 170, 415,

505, 515

First World War 80, 81

fiscal policy 17, 106–14, 705

power of 107, 109–10, 118, 130, 132,

194–5

Fisher effect 54

Fisher equation 52

foreign aid 601–2, 642

Friedman, Milton 7, 25, 163, 175, 194,

222

interview with 198–218

Friedman–Meiselman debate 171–3

functional finance 519

fundamentalist Keynesianism 71

General Agreement on Tariffs and Trade

84

game theory 250, 252–6, 297, 546, 705

non-cooperative 254–5

repeated 256

globalization 647, 651–2

Golden Age 17, 18, 21, 88, 535, 638

Gold Standard 79–82, 258, 337

government budget constraint 110–11

government failure 27, 55, 300, 522–3

government, role of 7–8, 55, 65, 77,

473, 521–3

gradualism versus cold turkey 183

Great Depression 2, 8–16, 33, 76–82,

88, 170–71, 334, 336–8, 421, 515,

518, 586, 703

Great Divergence 34, 580–83, 655

Great Inflation 3, 142, 219

growth accounting 612–14

Harrod–Domar model 33, 557, 598–603,

627

human capital 597, 620–21, 625, 632–3,

650

hysteresis effects 247, 335, 405–8, 544,

704

imperfect/monopolistic competition 362,

364, 371–6, 382, 411

imperfect information 224, 238, 308,

331

implicit contract models 384

incomes policy 247–8, 423

indexation 184, 382

Industrial Revolution 34, 580, 589, 594,

609, 619, 620–21, 629, 655–7

inflation 3, 83, 513–14, 549–54

and unemployment 135–44, 175–85

causes of 181–2, 191

costs of 411–13

costs of reducing 182–5

cure for 413–22

in the G7 economies 20

in the UK economy 3, 182

in the US economy 3, 182, 191

targeting 257, 411, 413–19, 703

inside money 323

insider–outsider theories 394–6

International Monetary Fund 84

intertemporal capital restructuring

475–9

intertemporal labour substitution 233,

308, 311–13, 328, 332

intertemporal structure of production

475–83

investment trap 118–20

invisible-hand theorem 22, 55

IS–LM model 23, 61, 70, 171–4, 423–4,

431, 696, 698

closed economy 102–23,

open economy 85, 123–35

with flexible prices 116–22, 315

Keynes effect 115–16, 118

Keynes’s

analysis of the labour market 65–9

analysis of the quantity theory of

money 69–71

legacy and the classical revival 85–90

main propositions 59–65, 144–7

paradox of thrift 49, 485, 501–3

rejection of Say’s law 69

Keynes’s General Theory 8, 13, 29,

54–76, 696

and the ‘new scholarship’ 75–6

interpretations of 57, 70–75, 101–46

Keynesian approach 7–8, 24–5, 101–47,

324, 484, 501–13

Keynesian consensus 15–24

Keynesian model

underemployment equilibrium in the

68, 114–22

labour hoarding 333

learning by doing 336, 625

liquidity preference 62, 64, 104,

468–70, 491

liquidity trap 68, 74, 104, 106–8,

116–18, 120, 147, 410

loanable funds market 47–8, 489–92,

498, 512

Lucas critique 26, 264–7, 297, 340, 699

Lucas, Robert E. Jr. 25, 220–23, 707

interview with 272–93

Lucas ‘surprise’ supply function 224,

234, 340

macroeconometric models 26, 195,

264–6

Mankiw, N. Gregory 27

interview with 433–50

market clearing 224, 230–32, 238, 367

mark-up pricing 379–80

Marshall–Lerner condition 124

Marshall Plan 637–8

menu costs 371–5, 428, 430

microfoundations of macroeconomics

27, 71, 72, 223, 299, 340, 360, 371,

403, 431, 700

monetarist approach 25, 50, 89, 163–97,

324, 483, 515

monetary policy 25, 26, 106–14, 705

power of 107–9, 133, 190, 244–7

role and conduct of 185–7, 196,

413–22

monetary rule 196, 246, 420

money and business cycles 25, 170,

236–42, 322–4, 503–9

empirical evidence on 170, 246, 268

money illusion 38, 66, 175, 177, 223,

236, 412, 460–61

multiplier 58, 60–62, 73, 103, 298

Mundell–Fleming model 123–35, 377

fiscal expansion within 128, 131

monetary expansion within 129, 134

NAIRU 27, 187, 401–8

Nash equilibrium 254

natural rate of unemployment 25, 44,

401, 403–7, 494

natural resource curse 642, 654

near rationality 374–5

neoclassical growth theory 313, 321,

602–12

neoclassical synthesis 21–4, 70, 74,

101,122, 146, 698

neutrality of money 38, 63, 70, 308, 315,

322–4, 335, 398, 454, 458, 469

long-run 236, 696

short-run 223–4, 235, 696

new classical approach 25–6, 89,

219–71, 294–7

New Deal 337

new Keynesian approach 21, 27, 268,

340, 357–432

new neoclassical synthesis 29, 410–11,

427, 701, 703

Subject index 805

new political macroeconomics 29–32,

517–66

Nobel Memorial Prize in Economics 24,

148, 165, 198, 272, 344, 660, 697

nominal anchor 413, 416, 703

nominal rigidity 361, 363, 365, 419, 428

of prices 371–6

of wages 65–7, 121, 366–71

non-neutrality of money 238–9, 247,

330, 363, 369, 419, 459–61, 463,

468, 472, 550

OPEC 299, 401, 407, 543, 703

open economy policy trilemma 414

optimal control theory 250

Okun’s law 235, 540, 703

outside money 121

patents 628–9

Phillips curve 23, 25, 30, 113, 235–8,

254, 266, 358, 419, 424, 426, 514,

527–36, 550, 703, 706

expectations-augmented 174–87, 697

original 135–44

Pigou effect 120–22

policy ineffectiveness proposition

242–7, 268, 699

political business cycle models 30, 195,

261–2, 517–54

Hibbs partisan model 532–5

Nordhaus opportunistic model 30,

526–32

rational opportunistic model 537–8

rational partisan model 259, 538–44

synthesis model 545–6

political economy

of debts and deficits 554–5

of economic growth 32, 556–64,

635–47

Post Keynesian approach 28, 228–9,

248, 324, 376, 451–73

Prescott, Edward C. 25, 26

interview with 344–56

principal agent problem 389, 411, 523,

552, 643

procyclical prices 328–30

production function 39–41, 309,

315–16, 325, 333–4, 603–6, 626,

632

production possibilities frontier 492–6

productivity slowdown 587

propagation mechanism 240, 308, 311

property rights 629, 636, 641–3, 656

Public Choice school 519

quantity theory of money 483, 696

Cambridge approach 51

modern version of 163–74

traditional 50–54

random walk 299–303, 309, 335

rational expectations 29, 219, 225–30,

252, 268, 270, 297, 365, 367, 411,

430, 464–5, 535, 539–41, 705

rationing models 362

Reaganomics 300

real business cycle approach 26–7,

267–9, 294–343, 588

real business cycle model 307–20

real rigidity 365, 378–96

of prices 378–83

of wages 383–96

real wages

countercyclical v. procyclical 327–8,

368, 371, 544

reinterpretation of Keynes 70–75

rent seeking 304, 523, 643–5, 654, 658

representative agent 309–11, 336

reputation 248, 256–7, 546

research and development 336, 625–6,

631, 650

Ricardian equivalence 111–12

Romer, Paul M. 587, 625–31

interview with 673–94

rules v. discretion 26, 196–7, 249–57,

546, 548–9, 700

sacrifice ratio 247–8, 257–8, 267, 406

Say’s law 13, 15, 23, 455–8, 471

schools of thought 6, 24–9

Second World War 1, 8, 10, 15, 16, 17,

22, 76, 83

secular stagnation 88

seigniorage 556

signal extraction problem 233, 239, 308

size of nations 564–5

Skidelsky, Robert

interview with 91–100

social capability 597, 634–6

Solow growth model 602–12

Solow residual 34, 325–8, 333–4,

612–13

Solow, Robert M. 23, 24, 598, 602

interview with 660–72

stagflation 23, 698–9

steady state 607–8

strategic complementarity 398

stylised facts 304–7, 309, 317, 321–2,

324, 326–30, 371, 408–9, 429, 544,

595–6

supply-side 15, 299

supply-side school 300

supply-side policies 33, 186–7, 263–4,

338

supply-side shocks 26, 303–4, 311

Taylor rule 196, 420, 700, 705

technological change 594, 603, 609–12,

625, 627–32, 649–51, 655–7

endogenous 625–31

shocks 304, 308, 309, 313–14,

317–18, 333

theory, role of 4

thick market externality 380

time inconsistency 26, 249–57, 546,

641, 699

Tobin, James 23, 24, 174

interview with 148–62

transitional dynamics 617–19, 620, 623

Treasury view 58, 69, 107

trend reverting 301

trend stationary 301

tunnel effect 559–60

uncertainty 463–72, 512

unemployment 2, 11, 78, 135–44,

176–87, 235, 244–5, 253, 260, 334,

383–96, 401–8, 527–42

frictional and structural 44, 140,

493–4

involuntary unemployment 8–9, 45,

58, 65, 66–7, 71, 73, 145, 232,

267, 328, 334, 365, 383, 387,

390–91, 393, 396, 398–9, 409,

432, 453, 457–8, 462, 493

in the G7 economies 19

in the UK economy 2, 408

in the US economy 2, 11, 408

unit root 303, 335

wage contracts

implicit 384

staggering of 368–9

Wall Street crash 10

Walrasian auctioneer 38

Walrasian general equilibrium theory

21, 72–3, 222–3, 238

wealth effect 319

World Bank 84

World Trade Organisation 84

Subject index 807


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