Map of Bogande on He has spent more than 25 years as a research associate at the National Bureau of Economic Research. In addition, Gordon has served as a research Fellow at the Centre for Economic Policy Research in London, a senior advisor to the Brookings Panel of Economic Activity, and on the Economic Advisory Panel of the Congressional Budget Office and the Economic Advisory Panel of the Bureau of Economic Analysis. Gordon has examined the causes and consequences of inflation and unemployment, theoretically and empirically. He has modeled and estimated PHILLIP'S CURVE relationships between inflation and unemployment, along with a host of related dynamics of wage growth, output growth, and productivity growth.
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His work has helped explain the inflation of the 1970s, and the productivity slowdown of the 1970s and 1980s. This work has enhanced our understanding of key macroeconomic dynamics such as BUSINESS CYCLES and changes in the rate of UNEMPLOYMENT consistent with constant INFLATION. Gordon's related work on precise measurement of prices, output, and productivity, at both industry and aggregate levels, has broached many of the subtleties of accounting for quality change in specific rapidly evolving industries, such as computers or banking.
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