Cyclical Productivity in US Manufacturing (RLE: Business Cycles)

Cyclical Productivity in US Manufacturing (RLE: Business Cycles)
Author :
Publisher : Routledge
Total Pages : 197
Release :
ISBN-10 : 9781317512110
ISBN-13 : 1317512111
Rating : 4/5 (10 Downloads)

Book Synopsis Cyclical Productivity in US Manufacturing (RLE: Business Cycles) by : Miguel Jimenez

Download or read book Cyclical Productivity in US Manufacturing (RLE: Business Cycles) written by Miguel Jimenez and published by Routledge. This book was released on 2015-03-27 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents several pieces of empirical work which disentangle why the standard measure of productivity growth used in macroeconomics turn out to be procyclical for American manufacturing industries. Procyclical productivity is an essential feature of business cycles because of its important implications for macroeconomic modelling. The author explains why traditional Keynesian theories of the business cycle do not explain satisfactorily why productivity is procyclical, and argues that the force of technology for generating economic cycles is much more important than that of the management or mismanagement of monetary or fiscal policies. This book is aimed at those working in empirical macroeconomics but also industrial economics.


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Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of