Studies in Medium-Run Macroeconomics: Growth, Fluctuations, Unemployment, Inequality and Policies

This unique volume consists of studies on medium-run macroeconomics that deal with aggregate economic issues that do not easily fit into either short-run business cycles or long-term growth. This research area has emerged over last decade as a new and distinct field, and needs further explorations. The book includes theoretical as well as empirical studies that cover topics related to medium-run phenomena, such as growth and fluctuations , wages and unemployment , financial instabilities , firm size distributions and unbalanced growth , income inequality , etc.. Every chapter includes new approach or new findings and will be invaluable to developments in this emerging area of research.