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The Over-Investment Hypothesis

Fumio Hayashi

Chapter 10 in Long-run Growth and Short-run Stabilization, 2006 from Edward Elgar Publishing

Abstract: There is much confusion in the economics literature on wage determination and the employment–inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the contributors elaborate on the main issues of economic analysis and policies that concerned him.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2006
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