Matches in SemOpenAlex for { <https://semopenalex.org/work/W2503402527> ?p ?o ?g. }
Showing items 1 to 69 of
69
with 100 items per page.
- W2503402527 endingPage "55" @default.
- W2503402527 startingPage "37" @default.
- W2503402527 abstract "This chapter searches for the determinants of nominal income elasticities of total output and the price level in the postwar time series of some OECD countries. The elasticities indicate how annual changes in nominal GDP are divided between output changes and price level changes. This concept was described by Gordon (2009, ch 7) as one of unresolved questions in macroeconomics, since the time of Keynes (1936, chs 20, 21) and Friedman (1970, 1971). Friedman (1970) presented two macroeconomic models, one quantity theory and another income-expenditure theory, where the former system is closed by the assumption that total output is constant, and the latter by the assumption that the price level is constant. Friedman called either assumption a ‘missing equation’, but the term missing equation could be generalized to imply the equation involving intermediate situations between the two theories, which determines the proportions of output and price changes which accompany nominal income changes, because, as Friedman wrote in Gordon (1974, p. 45), ‘the chief defect that this model [in Friedman (1971)] shares in common with the other two [that is the above two models] is that none of the three [models] has anything to say about the factors that determine the proportions in which a change in nominal income will, in the short-run, be divided between price change and output change …’KeywordsUnemployment RateTotal Factor ProductivityOECD CountryMoney SupplyCapital FormationThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
- W2503402527 created "2016-08-23" @default.
- W2503402527 creator A5063456362 @default.
- W2503402527 date "2013-01-01" @default.
- W2503402527 modified "2023-09-26" @default.
- W2503402527 title "A Quest for the ‘Missing Equations’ in OECD Countries" @default.
- W2503402527 cites W1608780069 @default.
- W2503402527 cites W1993622537 @default.
- W2503402527 cites W2075013871 @default.
- W2503402527 cites W2087837256 @default.
- W2503402527 cites W3123935426 @default.
- W2503402527 cites W3125933399 @default.
- W2503402527 cites W1995278743 @default.
- W2503402527 doi "https://doi.org/10.1057/9781137281838_3" @default.
- W2503402527 hasPublicationYear "2013" @default.
- W2503402527 type Work @default.
- W2503402527 sameAs 2503402527 @default.
- W2503402527 citedByCount "0" @default.
- W2503402527 crossrefType "book-chapter" @default.
- W2503402527 hasAuthorship W2503402527A5063456362 @default.
- W2503402527 hasConcept C139719470 @default.
- W2503402527 hasConcept C144237770 @default.
- W2503402527 hasConcept C149782125 @default.
- W2503402527 hasConcept C162324750 @default.
- W2503402527 hasConcept C165556158 @default.
- W2503402527 hasConcept C199360897 @default.
- W2503402527 hasConcept C2777027219 @default.
- W2503402527 hasConcept C34881761 @default.
- W2503402527 hasConcept C41008148 @default.
- W2503402527 hasConcept C6856009 @default.
- W2503402527 hasConceptScore W2503402527C139719470 @default.
- W2503402527 hasConceptScore W2503402527C144237770 @default.
- W2503402527 hasConceptScore W2503402527C149782125 @default.
- W2503402527 hasConceptScore W2503402527C162324750 @default.
- W2503402527 hasConceptScore W2503402527C165556158 @default.
- W2503402527 hasConceptScore W2503402527C199360897 @default.
- W2503402527 hasConceptScore W2503402527C2777027219 @default.
- W2503402527 hasConceptScore W2503402527C34881761 @default.
- W2503402527 hasConceptScore W2503402527C41008148 @default.
- W2503402527 hasConceptScore W2503402527C6856009 @default.
- W2503402527 hasLocation W25034025271 @default.
- W2503402527 hasOpenAccess W2503402527 @default.
- W2503402527 hasPrimaryLocation W25034025271 @default.
- W2503402527 hasRelatedWork W127955009 @default.
- W2503402527 hasRelatedWork W1579789614 @default.
- W2503402527 hasRelatedWork W1978711020 @default.
- W2503402527 hasRelatedWork W2072460371 @default.
- W2503402527 hasRelatedWork W2086718501 @default.
- W2503402527 hasRelatedWork W2118541089 @default.
- W2503402527 hasRelatedWork W2144105409 @default.
- W2503402527 hasRelatedWork W2145473591 @default.
- W2503402527 hasRelatedWork W2145902427 @default.
- W2503402527 hasRelatedWork W2169224673 @default.
- W2503402527 hasRelatedWork W2222855496 @default.
- W2503402527 hasRelatedWork W2292793879 @default.
- W2503402527 hasRelatedWork W2329403633 @default.
- W2503402527 hasRelatedWork W2344157362 @default.
- W2503402527 hasRelatedWork W2481191480 @default.
- W2503402527 hasRelatedWork W2909061931 @default.
- W2503402527 hasRelatedWork W3122660301 @default.
- W2503402527 hasRelatedWork W3124803113 @default.
- W2503402527 hasRelatedWork W3151673257 @default.
- W2503402527 hasRelatedWork W2289089903 @default.
- W2503402527 isParatext "false" @default.
- W2503402527 isRetracted "false" @default.
- W2503402527 magId "2503402527" @default.
- W2503402527 workType "book-chapter" @default.