Macroeconomics beyond the NAIRU
Abstract:The EconLit abstract of the reviewed work begins: Presents a critique of the nonaccelerating inflation rate of unemployment (NAIRU) theory and considers a new theoretical approach to growth, distribution, unemployment, and technological progress. Discusses the power of ideas; the weakness of the evidence; a growth model; the OECD Productivity Regime; OECD demand regimes; the generalization of the NAIRU theory; Europe's Nordic model; and macroeconomics beyond the NAIRU. Storm and Naastepad are Senior Lecturers in Economics at Delft University of Technology. Bibliography; index.
Document Type: Book Review
Publication date: 2012-06-01
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