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Knowledge, Information, and Expectations in Modern Macroeconomics
In Honor of Edmund S. Phelps
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Herausgegeben von:
Philippe Aghion
Sprache:
Englisch
Veröffentlicht/Copyright:
2003
Über dieses Buch
Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an economy's performance. The contributions, which represent a breadth of contemporary theoretical approaches, cover topics including the real effects of monetary disturbances, difficulties in expectations formation, structural factors in unemployment, and sources of technical progress. Based on an October 2001 conference honoring Phelps, this incomparable volume provides the most comprehensive and authoritative account in years of the present state of macroeconomics while also pointing to its future.
The fifteen chapters are by the editors and by Daron Acemoglu, Jess Benhabib, Guillermo A. Calvo, Oya Celasun, Michael D. Goldberg, Bruce Greenwald, James J. Heckman, Bart Hobijn, Peter Howitt, Hehui Jin, Charles I. Jones, Michael Kumhof, Mordecai Kurz, David Laibson, Lars Ljungqvist, N. Gregory Mankiw, Dale T. Mortensen, Maurizio Motolese, Stephen Nickell, Luca Nunziata, Wolfgang Ochel, Christopher A. Pissarides, Glenda Quintini, Ricardo Reis, Andrea Repetto, Thomas J. Sargent, Jeremy Tobacman, and Gianluca Violante. Commenting are Olivier J. Blanchard, Jean-Paul Fitoussi, Mark Gertler, Robert E. Hall, Robert E. Lucas, Jr., David H. Papell, Robert A. Pollak, Robert M. Solow, Nancy L. Stokey, and Lars E. O. Svensson. Also included are reflections by Phelps, a preface by Paul A. Samuelson, and the editors' introduction.
Information zu Autoren / Herausgebern
Philippe Aghion is Professor of Economics at Harvard University and at University College London. Roman Frydman is Professor of Economics at New York University. Joseph Stiglitz, Professor of Economics at Columbia University, was awarded the Nobel Prize in Economic Science in 2001. Michael Woodford is the Harold H. Helm '20 Professor of Economics and Banking at Princeton University.
Rezensionen
"This is a terrific book, about as good as volumes of collected papers will ever get. It will attract considerable interest, because it brings together so many of our most illustrious people in macroeconomics to reconsider the concepts of one of our most influential theorists, Ned Phelps."—Robert J. Shiller, Yale University, author of Irrational Exuberance
"This is an outstanding volume full of important contributions by major figures in each of the fields in which Phelps has contributed. It would be worth publishing just for the excellent introduction! Indeed, it would also be worth publishing just for the extremely valuable comments. But the papers themselves are excellent. They will be read and reread by successive generations of economists who understand Phelps's critical role in the development of modern economics."—Laurence J. Kotlikoff, Boston University
"This volume makes it clear that Edmund 'Ned' Phelps did not simply contribute to modern macroeconomics but in many ways he defined it; and that his work is remarkable for its breadth and for its vitality as a source of new ideas. The papers included here, each of which examines and develops a theme originally raised by Phelps, are at the very frontier of current macroeconomic research. Consistent with this breadth and vitality, this book will find a wide audience."—Dominick Salvatore, Fordham University
"Many of the outstanding papers in this volume explore genuinely new ideas. The book addresses a large number of the hottest current macroeconomic policy issues and related theoretical problems."—Duncan K. Foley, Graduate Faculty, New School University
"This is an outstanding volume full of important contributions by major figures in each of the fields in which Phelps has contributed. It would be worth publishing just for the excellent introduction! Indeed, it would also be worth publishing just for the extremely valuable comments. But the papers themselves are excellent. They will be read and reread by successive generations of economists who understand Phelps's critical role in the development of modern economics."—Laurence J. Kotlikoff, Boston University
"This volume makes it clear that Edmund 'Ned' Phelps did not simply contribute to modern macroeconomics but in many ways he defined it; and that his work is remarkable for its breadth and for its vitality as a source of new ideas. The papers included here, each of which examines and develops a theme originally raised by Phelps, are at the very frontier of current macroeconomic research. Consistent with this breadth and vitality, this book will find a wide audience."—Dominick Salvatore, Fordham University
"Many of the outstanding papers in this volume explore genuinely new ideas. The book addresses a large number of the hottest current macroeconomic policy issues and related theoretical problems."—Duncan K. Foley, Graduate Faculty, New School University
Fachgebiete
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Paul A. Samuelson Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
1 |
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Philippe Aghion, Roman Frydman, Joseph Stiglitz und Michael Woodford Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
3 |
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Part I. Information, Wage-Price Dynamics, and Business Fluctuations
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Michael Woodford Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
23 |
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Lars E. O. Svensson Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
59 |
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N. Gregory Mankiw und Ricardo Reis Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
64 |
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Guillermo A. Calvo, Oya Celasun und Michael Kumhof Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
87 |
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Mark Gertler Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
118 |
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Bruce Greenwald und Joseph Stiglitz Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
123 |
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Robert E. Lucas Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
137 |
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Part II. Imperfect Knowledge, Expectations, and Rationality
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Roman Frydman und Michael D. Goldberg Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
143 |
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David H. Papell Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
183 |
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Mordecai Kurz, Hehui Jin und Maurizio Motolese Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
188 |
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David Laibson, Andrea Repetto und Jeremy Tobacman Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
228 |
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Robert A. Pollak Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
267 |
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Edmund S. Phelps Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
271 |
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Part III. Determinants of Equilibrium Unemployment
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Dale T. Mortensen Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
283 |
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Christopher A. Pissarides Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
309 |
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Lars Ljungqvist und Thomas J. Sargent Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
326 |
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Olivier J. Blanchard Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
351 |
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James J. Heckman Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
357 |
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Stephen Nickell, Luca Nunziata, Wolfgang Ochel und Glenda Quintini Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
394 |
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Jean-Paul Fitoussi Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
432 |
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Part IV. Education, Technical Change, and Growth
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Philippe Aghion, Peter Howitt und Gianluca Violante Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
441 |
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Robert E. Hall Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
462 |
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Daron Acemoglu Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
464 |
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Nancy L. Stokey Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
492 |
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Charles I. Jones Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
498 |
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Jess Benhabib und Bart Hobijn Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
522 |
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Robert M. Solow Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
546 |
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Edmund S. Phelps Erfordert eine Authentifizierung Nicht lizenziert Lizenziert |
550 |
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Informationen zur Veröffentlichung
Seiten und Bilder/Illustrationen im Buch
eBook veröffentlicht am:
12. Januar 2021
eBook ISBN:
9780691223933
Seiten und Bilder/Illustrationen im Buch
Inhalt:
592
Weitere:
227 line illus. 21 tables.
eBook ISBN:
9780691223933
Schlagwörter für dieses Buch
Unemployment; Exchange rate; Employment; Monetary policy; Wage; Macroeconomics; Economy; Economic equilibrium; Supply (economics); Household; Income; Market liquidity; Technology; Forecasting; Economic growth; Macroeconomic model; New Keynesian economics; Real business-cycle theory; Investment; Real versus nominal value (economics); Economics; Endogenous growth theory; New classical macroeconomics; Money market account; Modern Monetary Theory; Technical progress (economics); Central bank; Interest rate; Endogeneity (econometrics); Human capital; Aggregate demand; Keynesian economics; Neoclassical economics; Productivity; Market power; Behavioral economics; Price level; Journal of Economic Theory; Real interest rate; Market economy; Credit (finance); Economic Life; Financial accelerator; Monetary policy reaction function; Price elasticity of demand; Production function; Terminal value (finance); Wage curve; Price adjustment (retail); Interest rate parity; Factor price; Economic data; Monetary Theory; Market capitalization; World economy; Production–possibility frontier; Econometric model; Capital accumulation; Economic policy; Equity premium puzzle; Credit card; Purchasing power parity; Consumption (economics); General equilibrium theory; New neoclassical synthesis; Applied economics; Price Change; Price elasticity of supply; Economist; Capital market imperfections
Zielgruppe(n) für dieses Buch
College/higher education;Professional and scholarly;
