Profits, Wages and Productivity in the Business Cycle

Inhaltsverzeichnis

• 1. Introduction.
• 2. Some Facts About the Typical Business Cycle.
• Some Facts in General.
• Comparative Methods.
• Results in Detail.
• Factors Conditioning Interpretations.
• Stylized Facts and Some Explanations of These Facts.
• Appendix 2A: Methods of Imputation and Their Validity.
• Appendix 2B: Data.
• Appendix 2C: Tables.
• 3. Kaldor’s Model.
• Kaldor’s Model.
• Interpretation.
• Comments.
• Historical Constancies.
• Conclusions: Some Remarks on Kaldor’s Model.
• Appendix 3A: A Neoclassical Model of Income Distribution — In Comparison with Kaldor’s Model.
• 4. Kaldorian Models: Two Applied Models.
• Model A: An Employment Decision Approach.
• Model B: A Markup Pricing Approach.
• Conclusions: Some Remarks on Models A and B.
• Appendix 4A: Model A: On Solution.
• Appendix 4B: Equations for Comparative Statics.
• Appendix 4C: A Model (1976).
• Appendix 4D: Model B: On Solution.
• Appendix 4E: The First Partial Derivative and Growth-Rate Equations.
• 5. Other Models.
• The Real Business Cycle Theory.
• The New Keynesian Theory.
• Conclusions: Some Remarks on Each Theory.
• 6. Conclusions 133.
• Summary.
• Methodological Research Agenda.
• Determinants of Investment.
• Government Policy and International Trade.
• Test of the Models and Model Calibration.
• Questions Remaining for the Future.
• References.