作者：Thesmar, D; Thoenig, M
作者单位：Institut Polytechnique de Paris; ENSAE Paris; Universite PSL; Ecole Normale Superieure (ENS); heSam Universite; Universite Pantheon-Sorbonne; Centre National de la Recherche Scientifique (CNRS)
摘要：Firms' organizational choices are influenced by external conditions such as the instability of the product market. In order to address this issue in a macroeconomic perspective, we embed the firm's choice of organizational structure in a model of growth through creative destruction, which induces endogenous market volatility. We find that an increasing supply of skill or globalization may increase the rate of creative destruction, the skill premium, and the skilled wages, and it may depress th...
作者：Blanchard, O
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要：This essay argues that the history of macroeconomics during the twentieth century can be divided into three epochs. Pre-1940: a period of exploration, during which all the right ingredients were developed. But also a period where confusion reigned, because of the lack of an integrated framework. From 1940 to 1980: a period during which an integrated framework was developed-from the IS-LM to dynamic general equilibrium models. But a construction with an Achilles' heel, too casual a treatment of...
