Description

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.