Overview

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.

Content and Topics

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.

Significance

Every chapter includes new approach or new findings and will be invaluable to developments in this emerging area of research.