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Journal of Economic Literature - Book Review

JEL Volume. 50, Issue 2 | leftPrevious Review Next Review right

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Book(s) Reviewed

Macroeconomics beyond the NAIRU by Servaas Storm and C. W. M. Naastepad

Published By: Cambridge and London: Harvard University Press
ISBN: 978-0-674-06227-6
Date of Publication: 2012


Book Review Detail

Reviewed by: Carolin Pflueger of Harvard University
Review DOI: 10.1257/jel.50.2.513.r6
Review Pages: 523-24

Book Review Abstract

Carolin Pflueger of Harvard University reviews "Macroeconomics beyond the NAIRU" by Servaas Storm and C. W. M. Naastepad. The EconLit abstract of the reviewed work begins: Presents a critique of the nonaccelerating inflation rate of unemployment (NAIRU) theory and considers a new theoretical approach to growth, distribution, unemployment, and technological progress. Discusses the power of ideas; the weakness of the evidence; a growth model; the OECD Productivity Regime; OECD demand regimes; the generalization of the NAIRU theory; Europe's Nordic model; and macroeconomics beyond the NAIRU. Storm and Naastepad are Senior Lecturers in Economics at Delft University of Technology. Bibliography; index.


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Book Review Authors

Carolin Pflueger of Harvard University


JEL Classifications

E23: Macroeconomics: Production
E24: Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
E31: Price Level; Inflation; Deflation
O33: Technological Change: Choices and Consequences; Diffusion Processes
O41: One, Two, and Multisector Growth Models


Journal of Economic Literature



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