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5 edition of Specificity and the macroeconomics of restructuring found in the catalog.

Specificity and the macroeconomics of restructuring

Ricardo J. Caballero

Specificity and the macroeconomics of restructuring

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  • 21 Currently reading

Published by MIT Press in Cambridge, MA .
Written in English


Edition Notes

StatementRicardo J. Caballero.
Classifications
LC ClassificationsHC
The Physical Object
Paginationxii, 331 p. :
Number of Pages331
ID Numbers
Open LibraryOL22755308M
ISBN 109780262033626

Principles of Macroeconomics. Robert H. Frank, Ben Bernanke. McGraw-Hill/Irwin, - Business & Economics - pages. 0 Reviews. From inside the book. What people are saying - Write a review. We haven't found any reviews in the usual places. Contents. Thinking Like an Economist. 3. The Limits of Macroeconomics. Roger W. Garrison And these difficulties can be multiplied in accordance with the title of a recent book by Edmund Phelps, the actual complexity of the capital structure and on the causes and consequences of capital maintenance and capital restructuring.


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Specificity and the macroeconomics of restructuring by Ricardo J. Caballero Download PDF EPUB FB2

A proposal that the notion of specificity—the idea that factors of production are not interchangeable—can provide a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from the transactional environment and microeconomic restructuring.

The core mechanism that drives economic growth in modern market economies is massive microeconomic restructuring. A proposal that the notion of specificity―the idea that factors of production are not interchangeable―can provide a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from the transactional environment and microeconomic : Ricardo J.

Caballero. Download Citation | Specificity and the Macroeconomics of Restructuring | The core mechanism that drives economic growth in modern market economies is massive microeconomic restructuring and. Specificity and the Macroeconomics of Restructuring available in Hardcover.

Add to Wishlist. ISBN ISBN Pub. Date: 06/01/ Publisher: MIT Press. Specificity and the Macroeconomics of Restructuring. by Ricardo J. Caballero Caballero's book is a superb synthesis of recent empirical and theoretical literature Price: $ ISBN: OCLC Number: Description: xii, pages: illustrations ; 24 cm.

Contents: Restructuring and Institutions 3 Specificity: A Common Thread 4 Macroeconomic Implications and Outline 6 The Empirics of Aggregate Restructuring 15 Restructuring and Gross Flows 15 International Evidence on Gross Flows 17 Gross Flows.

Get this from a library. Specificity and the macroeconomics of restructuring. [Ricardo J Caballero] -- A proposal that the notion of specificity-the idea that factors of production are not interchangeable-can provide a unified framework to analyze and understand a wide variety of macroeconomic.

The core mechanism that drives economic growth in modern market economies is massive microeconomic restructuring and factor reallocation--the Schumpeterian "creative destruction" by which new technologies replace the old.

At the microeconomic level, restructuring is characterized by countless decisions to create and destroy production arrangements. KAAS, Leo, Caballero, R. J.: Specificity and the Macroeconomics of Restructuring [Book Review].In: Journal of Economics.

(2), pp. ISSN Specificity and the Macroeconomics of Restructuring (Yrjö Jahnsson Lectures) 作者: Ricardo J. Caballero 出版社: The MIT Press 出版年: 页数: 定价: USD 装帧:. Ricardo J. Caballero A proposal that the notion of specificity—the idea that factors of production are not interchangeable—can provide a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from the transactional environment and.

Leo Kaas, "Caballero, R. J.: Specificity and the Macroeconomics of Restructuring," Journal of Economics, Springer, vol. (2), pages   Immediate access to your online only subscription; Includes issues from January to December ; Automatic annual renewalAuthor: Leo Kaas.

Specificity and the Macroeconomics of Restructuring. Yrjo Jahnsson Lecture, MIT Press, Spring External Vulnerability and Preventive Policies. editor (with C. Calderon and L.F. Cespedes) Central Bank of Chile, Santiago, Chile, Series on Central Banking, Analysis, & Economic Policies.

The Macroeconomics of Specificity Ricardo J. Caballero, Mohamad L. Hammour. NBER Working Paper No. Issued in September NBER Program(s):Economic Fluctuations and Growth Specific quasi-rents build up in a wide variety of economic relationships, and are exposed to opportunism unless fully protected by contract.

Caballero, R. J.: Specificity and the Macroeconomics of Restructuring: XII, pp, The MIT Press, Cambridge, Mass.,Hardback, £ (Book Review). Journal of Economics. Journal of Economics, Cited by: 0 | Bibtex | 4 |. HBM workingpaper department ofeconomics THEMACROECONOMICSOFSPECIFICITY ero ur September, massachusetts instituteof technology 50memorialdrive Cambridge,mass Buy Macroeconomics at WHSmith.

We have a great range of Macroeconomics from top brands. Delivery is free on all UK orders over £ Macroeconomics: Institutions, Instability, and the Financial System integrates the modern monetary framework--based on the 3-equation model of the demand side, the supply side, and the policy maker--with a model of the financial system.

The authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the Cited by: Yrjo Jahnsson Lectures The Yrjö Jahnsson Foundation was established in by Mrs. Hilma Jahnsson, in accordance with the wishes of her deceased husband, Professor Yrjö Jahnsson.

Yrjö Jahnsson was not only an academic but also a versatile entrepreneur. Economics (/ ɛ k ə ˈ n ɒ m ɪ k s, iː k ə-/) is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions.

NBER WORKING PAPER SERIES THE MACROECONOMICS OF SPECIFICITY Ricardo J. Caballero Mohamad L. Hammour Working Paper NATIONAL BUREAU OF ECONOMIC RESEARCH Massachusetts Avenue Cambridge, MA September We are grateful to Giuseppe Bertola, Olivier Blanchard, Peter Diamond, and seminar participants.

The practical concerns of the macroeconomist and abstract concerns of the philosopher inform each other. Grounded in pragmatic realism, the book rejects the popular idea that macroeconomics requires microfoundations, and argues that the macroeconomy is a set.

Ricardo Jorge Caballero (born 20 October ) is a Chilean macroeconomist who holds the Ford International chair of economics at the Massachusetts Institute of is a director of the World Economic Laboratory at MIT and an NBER Research Associate.

Caballero received his PhD from MIT inand he taught at Columbia University before returning to the MIT : Frisch Medal (), Smith Breeden Prize.

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Business cycle theory. Beginning with William Stanley Jevons and Clément Juglar in the s, economists attempted to explain the cycles of frequent, violent. Specificity and the Macroeconomics of Restructuring Ricardo ero "Caballero delivers a powerful analysis of the key role played by factor specificity in produc-tive relationships, investment decisions, and macroeconomic performance.

The analysis yields valuable and original insights into unemployment, job creation, productivity, and. The core mechanism that drives economic growth in modern market economies is the massive ongoing restructuring and factor reallocation by which new technologies replace the old.

This process of Schumpeterian ‘creative destruction’ permeates major aspects of macroeconomic performance — not only long-run growth, but also economic Cited by:   PRINCIPLES OF MACROECONOMICS, Sixth Edition, became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom.

Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a Reviews: 2.

Macroeconomics: Institutions, Instability, and the Financial System integrates the modern monetary framework--based on the 3-equation model of the demand side, the supply side, and the policy maker--with a model of the financial system. The authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the financial crisis and the Eurozone/5.

Now read this excerpt from Ricardo Caballero's excellent Specificity and the Macroeconomics of Restructuring: Specificity in a relationship reduces the flexibility of separation decisions To the extent that it is irreversible, entering into a relationship creates specific quasi-rents that may not be divided ex post according to the.

Use this link to access chapter two from Carlin and Soskice Macroeconomics: Imperfections, Institutions, and Policies, published in This chapter provides content on the IS/LM curve and aggregate demand and supply.

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Professor Heskett had not only captured GM’s competitive Author: Cameron M. Weber. The Macroeconomics of Specificity with M. Hammour AugustJournal of Political Economy (4) Jobless Growth: Appropriability, Factor Substitution and Unemployment with M. Hammour JuneCarnegie-Rochester Conference Series on Public Pol Aggregate Employment Dynamics: Building from Microeconomics.

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