The essays in this book extend and elaborate on many of the important ideas Solow has either originated or developed in the past three decades.

Publisher Description

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run une

Developing theoretical models that contribute to a better understanding of the wealth of nations, particularly those factors determining economic growth, unempl

Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky–Harrod model, examining how the relationship between