Knowledge, information, and expectations in modern macroeconomics in honor of Edmund S. Phelps
Addressing the most important current debates in macroeconomic theory, this book 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 contribu...
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| Sprache: | English |
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Princeton [u.a.]
Princeton Univ. Press
2003
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| 245 | 1 | 0 | |a Knowledge, information, and expectations in modern macroeconomics |b in honor of Edmund S. Phelps |c ed. by Philippe Aghion ... |
| 264 | 1 | |a Princeton [u.a.] |b Princeton Univ. Press |c 2003 | |
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| 500 | |a Literaturangaben | ||
| 520 | 3 | |a Addressing the most important current debates in macroeconomic theory, this book 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. This book provides the most comprehensive and authoritative account in years of the present state of macroeconomics while also pointing to its future. | |
| 600 | 1 | 4 | |a Phelps, Edmund S. |
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| adam_text | CONTENTS
Contributors ix
Edmund Phelps, Insider Economists Insider 1
Paul A. Samuelson
Edmund S. Phelps and Modern Macroeconomics 3
Philippe Aghion, Roman Frydman,
Joseph Stiglitz, and Michael Woodford
PART I Information, Wage Price Dynamics,
and Business Fluctuations
1 Imperfect Common Knowledge
and the Effects of Monetary Policy 25
Michael Woodford
2 Comments on Woodford 59
Lars E. O. Svensson
3 Sticky Information: A Model of Monetary
Nonneutrality and Structural Slumps 64
N. Gregory Mankiw and Ricardo Reis
4 A Theory of Rational Inflationary Inertia 87
Guillermo A. Calvo, Oya Celasun, and Michael Kumhof
5 Comments on Calvo, Celasun, and Kumhof 118
Mark Gertler
6 Macroeconomic Fluctuations in an
Economy of Phelps Winter Markets 123
Bruce Greenwald and Joseph Stiglitz
7 General Comments on Part I 137
Robert E. Lucas, Jr.
vi CONTENTS
PART n Imperfect Knowledge, Expectations, and Rationality
8 Imperfect Knowledge Expectations, Uncertainty Adjusted
Uncovered Interest Rate Parity, and Exchange Rate Dynamics 145
Roman Frydman and Michael D. Goldberg
9 Comments on Frydman and Goldberg 183
David H. Papell
10 Endogenous Fluctuations and the Role of Monetary Policy 188
MORDECAI KURZ WITH HEHUI JlN AND MAURIZIO MOTOLESE
11 A Debt Puzzle 228
David Laibson, Andrea Repetto, and Jeremy Tobacman
12 Comments on Laibson, Repetto, and Tobacman 267
Robert A. Pollak
13 Reflections on Parts I and II 271
Edmund S. Phelps
PART III Determinants of Equilibrium Unemployment
14 How Monopsonistic Is the (Danish) Labor Market? 285
Dale T. Mortensen
15 Company Start Up Costs and Employment 309
Christopher A. Pissarides
16 European Unemployment: From a Worker s Perspective 326
Lars Ljungqvist and Thomas J. Sargent
17 Comments on Ljungqvist and Sargent 351
Olivier J. Blanchard
18 Flexibility and Job Creation: Lessons for Germany 357
James J. Heckman
19 The Beveridge Curve, Unemployment, and Wages
in the OECD from the 1960s to the 1990s 394
Stephen Nickell, Luca Nunziata, Wolfgang Ochel,
and glenda quintini
20 Comments on Nickell, Nunziata, Ochel, and Quintini 432
Jean Paul Fitoussi
CONTENTS vii
PART IV Education, Technical Change, and Growth
21 Wage Inequality and Technological Change:
A Nelson Phelps Approach 443
Philippe Aghion, Peter Howitt, and Gianluca Violante
22 Comments on Aghion, Howitt, and Violante 462
Robert E. Hall
23 Factor Prices and Technical Change:
From Induced Innovations to Recent Debates 464
Daron Acemoglu
24 Comments on Acemoglu 492
Nancy L. Stokey
25 Population and Ideas: A Theory of Endogenous Growth 498
Charles I. Jones
26 Another View of Investment: 40 Years Later 522
Jess Benhabib and Bart Hobijn
27 General Comments on Part IV 546
Robert M. Solow
28 Reflections on Parts ITI and IV 550
Edmund S. Phelps
Index 565
|
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| physical | XI, 578 S. graph. Darst. |
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| publisher | Princeton Univ. Press |
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| spellingShingle | Knowledge, information, and expectations in modern macroeconomics in honor of Edmund S. Phelps Phelps, Edmund S. Phelps, Edmund S. 1933- (DE-588)124719414 gnd Macro-economie gtt Macroeconomia Macroéconomie Economists -- United States -- Congresses Macroeconomics -- Congresses Makroökonomie (DE-588)4037174-8 gnd |
| subject_GND | (DE-588)124719414 (DE-588)4037174-8 (DE-588)4143413-4 (DE-588)4016928-5 (DE-588)1071861417 |
| title | Knowledge, information, and expectations in modern macroeconomics in honor of Edmund S. Phelps |
| title_auth | Knowledge, information, and expectations in modern macroeconomics in honor of Edmund S. Phelps |
| title_exact_search | Knowledge, information, and expectations in modern macroeconomics in honor of Edmund S. Phelps |
| title_full | Knowledge, information, and expectations in modern macroeconomics in honor of Edmund S. Phelps ed. by Philippe Aghion ... |
| title_fullStr | Knowledge, information, and expectations in modern macroeconomics in honor of Edmund S. Phelps ed. by Philippe Aghion ... |
| title_full_unstemmed | Knowledge, information, and expectations in modern macroeconomics in honor of Edmund S. Phelps ed. by Philippe Aghion ... |
| title_short | Knowledge, information, and expectations in modern macroeconomics |
| title_sort | knowledge information and expectations in modern macroeconomics in honor of edmund s phelps |
| title_sub | in honor of Edmund S. Phelps |
| topic | Phelps, Edmund S. Phelps, Edmund S. 1933- (DE-588)124719414 gnd Macro-economie gtt Macroeconomia Macroéconomie Economists -- United States -- Congresses Macroeconomics -- Congresses Makroökonomie (DE-588)4037174-8 gnd |
| topic_facet | Phelps, Edmund S. Phelps, Edmund S. 1933- Macro-economie Macroeconomia Macroéconomie Economists -- United States -- Congresses Macroeconomics -- Congresses Makroökonomie USA Aufsatzsammlung Festschrift Konferenzschrift |
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