Knowledge, information, and expectations in modern macroeconomics
Subtitle: in honor of Edmund S. Phelps
By: edited by Philippe Aghion ... [et al.].
Contributors: Phelps, Edmund S.; Aghion, Philippe.
Publisher: Princeton University Press
Published: 2003
Place of publication: Princeton
Language: eng
Number of pages: 578
ISBN-13: 9780691094854; 9780691094847
Subjects: Phelps, Edmund S; Economists -- United States -- Congresses; Macroeconomics -- Congresses
Genres: Congresses.
Notes: Includes bibliographical references and index.
Table of contents: title: Part I. Information, wage-price dynamics, and business fluctuations. Imperfect common knowledge and the effects of monetary policy / Michael Woodford. Comments by Lars E.O. Svensson; title: Sticky information: a model of monetary nonneutrality and structural slumps / N. Gregory Mankiw, Ricardo Reis; title: A theory of rational inflationary inertia / Guillermo A. Calvo, Oya Celasun, Michael Kumhof. Comments by Merk Gertler; title: Macroeconomic fluctuations in an economy of Phelps-Winter markets / Bruce Greenwald, Joseph Stiglitz. Comments on pt. 1 / Robert E. Lucas Jr.; title: Part II. Imperfect knowledge, expectations, and rationality. Imperfect knowledge expectations, uncertainty-adjusted uncovered interest rate parity, and exchange rate dynamics / Roman Frydman, Michael D. Goldberg. Comments by David H. Papell; title: Endogenous fluctuations and the role of monetary policy / Mordecai Kurz, Hehui Jin, Maurizio Motolese; title: A debt puzzle / David Laibson, Andrea Repetto, Jeremy Tobacman. Comments by Robert A. Pollak. Reflections on Pts. 1 and 2 / Edmund S. Phelps.; title: Part III. Determinants of equilibrium unemployment. How monopsonistic is the (Danish) labor market? Dale T. Mortensen; title: Company start-up costs and employment / Christopher A. Pissarides; title: European unemployment: from a worker's perspective / Lars Ljungqvist, Thomas J. Sargent. Comments by Olivier J. Blanchard; title: Flexibility and job creation: lessons for Germany / James J. Heckman; title: The Beveridge curve, unemployment, and wages in the OECD from the 1960s to the 1990s / Stephen Nickell, ... [et al.] Comments by Jean-Paul Fitoussi.; title: Part IV. Education, technical change, and growth. Wage inequality and technological change: a Nelson-Phelps approach / Philippe Aghion, Peter Howitt, Gianluca Violante. Comments by Robert E. Hall; title: Factor prices and technical change: from induced innovations to recent debates / Daron Acemoglu. Comments by Nancy L. Stokey; title: Population and ideas: a theory of endogenous growth / Charles I. Jones; title: Another view of investment: 40 years later / Jess Benhabib, Bart Hobijn; title: General comments on pt. 4 / Robert M. Solow. Reflections on parts 3 and 4 / Edmund S. Phelps.