The "Fundamental Transformation" in Macroeconomics

American Economic Review

Volumn 86, Issue 2, 1996, Pages 183-186

  Caballero, Ricardo J ^a,b   Hammour, Mohamad L ^c  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b NBER ^*

^c Capital Guidance   (France)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 1542709353     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (10)

1. Caballero, Ricardo J. and Hammour, Mohamad L. "The Cleansing Effect of Recessions." American Economic Review, December 1994, 84(5), pp. 1350-68.
2. _. "On the Timing and Efficiency of Creative Destruction." Quarterly Journal of Economics, 1996a ( forthcoming).
3. _. "On the Ills of Adjustment." Journal of Development Economics, 1996b (forthcoming).
4. _. "The Macroeconomics of Specificity." Mimeo, Massachusetts Institute of Technology, March 1996c.
5. Grout, Paul A. "Investment and Wages in the Absence of Binding Contracts: A Nash Bargaining Approach." Econometrica, March 1984, 52(2), pp. 449-60.
6. Hall, Robert E. and Lazear, Edward P. "The Excess Sensitivity of Layoffs and Quits to Demand." Journal of Labor Economics, April 1984, 2(2), pp. 233-57.
7. Hart, Oliver and Moore, John. "A Theory of Debt Based on the Inalienability of Human Capital." Quarterly Journal of Economics, November 1994, 109(4), pp. 841-80.
8. Klein, Benjamin; Crawford, Robert G. and Alchian, Armen A. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process." Journal of Law and Economics, October 1978, 21 (2), pp. 297-326.
9. Myerson, Roger B. and Satterthwaite, Mark A. "Efficient Mechanisms for Bilateral Trading." Journal of Economic Theory, April 1983, 29(2), pp. 265-81.
10. Williamson, Oliver E. "Transaction-Cost Economics: The Governance of Contractual Relations." Journal of Law and Economics, October 1979, 22(2), pp. 233-61.