The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. Lectures on Macroecon

In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shoc

A proposal that the notion of specificity -- the idea that factors of production are not interchangeable -- can provide a unified framework to analyze and under

Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Sh

Peter A. Diamond discusses search equilibrium as a framework for integrating micro and macroeconomics.