1.

Record Nr.

UNINA9910812882103321

Autore

Caballero Ricardo J

Titolo

Specificity and the macroeconomics of restructuring / / Ricardo J. Caballero

Pubbl/distr/stampa

Cambridge, MA, : MIT Press, c2007

ISBN

0-262-29224-6

1-282-09856-X

9786612098567

0-262-26964-3

Edizione

[1st ed.]

Descrizione fisica

xii, 331 p. : ill

Collana

Yrjo Jahnsson series

Classificazione

83.12

Disciplina

339

Soggetti

Asset specificity - Mathematical models

Creative destruction - Mathematical models

Resource allocation - Mathematical models

Technological innovations - Economic aspects - Mathematical models

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Intro -- Contents -- Series Foreword -- Preface -- 1 Introduction -- 2 The Empirics of Aggregate Restructuring -- 3 The ''Fundamental Transformation'' -- 4 Efficient Restructuring -- 5 Inefficient Restructuring -- 6 Financial Market Specificity and Restructuring -- 7 Application: Structural Adjustment -- 8 Institutions, Interest Groups, and the Response of Markets and Technology -- 9 Application: Three Decades of Unemployment in Western Europe -- 10 Final Remarks -- Index.

Sommario/riassunto

A proposal that the notion of specificity-the idea that factors of production are not interchangeable-can provide a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from the transactional environment and micro.