Effective field theory of pure gravity and the renormalization group

The general structure of the renormalization group equations for the low energy effective field theory formulation of pure gravity is presented. The solution of these equations takes a particular simple form if the mass scale of the effective theory is much smaller than the Planck mass (a possibility compatible with the renormalization of the effective theory). A theory with just one free renormalized parameter is obtained when contributions suppressed by inverse powers of the Planck mass are neglected.