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Tables of Contents for Productivity Growth, Inflation, and Unemployment
Chapter/Section Title
Page #
Page Count
Foreword by Robert M. Solow
ix
Preface
xi
Introduction
1
6
PART ONE. THE HISTORY, THEORY, AND MEASUREMENT OF PRODUCTIVITY GROWTH
7
212
Part One: Introduction
7
15
1. Does the "New Economy" Measure Up to the Great Inventions of the Past?
22
28
2. Interpreting the "One Big Wave" in U.S. Long-term Productivity Growth
50
40
3. The Disappearance of Productivity Change
90
44
4. The Concept of Capital
134
9
5. Is There a Tradeoff between Unemployment and Productivity Growth?
143
29
6. Forward into the Past: Productivity Retrogression in the Electric Generating Industry
172
47
PART TWO. INTERPRETING PRODUCTIVITY FLUCTUATIONS OVER THE BUSINESS CYCLE
219
86
Part Two: Introduction
219
7
7. Fresh Water, Salt Water, and Other Macroeconomic Elixirs
226
13
8. Are Procyclical Productivity Fluctuations a Figment of Measurement Error?
239
34
9. The Jobless Recovery: Does It Signal a New Era of Productivity-Led Growth?
273
32
PART THREE. THE THEORY OF THE INFLATION-UNEMPLOYMENT TRADEOFF
305
54
Part Three: Introduction
305
8
10. Alternative Responses of Policy to External Supply Shocks
313
19
11. Supply Shocks and Monetary Policy Revisited
332
8
12. The Theory of Domestic Inflation
340
9
13. The Phillips Curve Now and Then
349
10
PART FOUR. EMPIRICAL STUDIES OF INFLATION DYNAMICS IN THE UNITED STATES
359
130
Part Four: Introduction
359
8
14. Can the Inflation of the 1970's be Explained?
367
22
15. The Output Cost of Disinflation in Traditional and Vector Autoregressive Models
389
31
with Stephen R. King
16. German and American Wage and Price Dynamics: Differences and Common Themes
420
37
with Wolfgang Franz
17. Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU
457
32
Subject Index
489
12
Author index
501