TY  - BOOK
AU  - Acemoglu,Daron
AU  - Aghion,Philippe
AU  - Benhabib,Jess
AU  - Blanchard,Olivier J.
AU  - Calvo,Guillermo A.
AU  - Celasun,Oya
AU  - Fitoussi,Jean-Paul
AU  - Frydman,Roman
AU  - Gertler,Mark
AU  - Goldberg,Michael D.
AU  - Greenwald,Bruce
AU  - Hall,Robert E.
AU  - Heckman,James J.
AU  - Hobijn,Bart
AU  - Howitt,Peter
AU  - Jin,Hehui
AU  - Jones,Charles I.
AU  - Kumhof,Michael
AU  - Kurz,Mordecai
AU  - Laibson,David
AU  - Ljungqvist,Lars
AU  - Lucas,Robert E.
AU  - Mankiw,N.Gregory
AU  - Mortensen,Dale T.
AU  - Motolese,Maurizio
AU  - Nickell,Stephen
AU  - Nunziata,Luca
AU  - Ochel,Wolfgang
AU  - Papell,David H.
AU  - Phelps,Edmund S.
AU  - Pissarides,Christopher A.
AU  - Pollak,Robert A.
AU  - Quintini,Glenda
AU  - Reis,Ricardo
AU  - Repetto,Andrea
AU  - Samuelson,Paul A.
AU  - Sargent,Thomas J.
AU  - Solow,Robert M.
AU  - Stiglitz,Joseph
AU  - Stiglitz,Joseph E.
AU  - Stokey,Nancy L.
AU  - Svensson,Lars E.O.
AU  - Tobacman,Jeremy
AU  - Violante,Gianluca
AU  - Woodford,Michael
TI  - Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps 
SN  - 9780691223933
AV  - HB119.P48 
PY  - 2022///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - Economists
KW  - United States
KW  - Congresses
KW  - Macroeconomics
KW  - BUSINESS & ECONOMICS / Economics / General
KW  - bisacsh
KW  - Argentina
KW  - Baxter-Stockman puzzle
KW  - Browning, M
KW  - Canada, investment in
KW  - Carlstrom, C
KW  - Dixit-Stiglitz model
KW  - Drazen, A
KW  - Finland, unions in
KW  - Friedman, Milton
KW  - Internet usage
KW  - Olson, Mancur
KW  - accelerationist Phillips curve
KW  - advertising expenditures
KW  - anonymity
KW  - assessment variables
KW  - average opinion
KW  - balanced growth path (BGP)
KW  - bankruptcy
KW  - behavioral economics
KW  - belief structure
KW  - channel capacities
KW  - common knowledge
KW  - constant-gain algorithm
KW  - debt puzzle
KW  - disability benefits
KW  - disequilibrium
KW  - efficiency wages
KW  - electricity
KW  - entrepreneurial thesis
KW  - equity premium puzzle
KW  - excess returns puzzle
KW  - exponential discount functions
KW  - financial accelerator
KW  - geographic mobility
KW  - habit formation
KW  - higher-order beliefs
KW  - hyperbolic time preferences
KW  - hyperinflation
KW  - imperfect knowledge
KW  - incentive wages
KW  - infinite-regress problem
KW  - inflation inertia
KW  - inflation models
KW  - job satisfactions
KW  - job-training programs
KW  - labor market model
KW  - learning models
KW  - matching theory
KW  - microfounded models
KW  - monetary equilibrium
KW  - money neutrality
KW  - natural rate hypothesis
KW  - neoclassical growth model
KW  - new classical macroeconomics
KW  - owner-occupied housing
KW  - payroll taxes
N1  - Frontmatter --; Contents --; Contributors --; Edmund Phelps, Insider-Economists’ Insider --; Edmund S. Phelps and Modern Macroeconomics --; Part I. Information, Wage-Price Dynamics, and Business Fluctuations --; 1. Imperfect Common Knowledge and the Effects of Monetary Policy --; 2. Comments onWoodford --; 3. Sticky Information: A Model of Monetary Nonneutrality and Structural Slumps --; 4. A Theory of Rational Inflationary Inertia --; 5. Comments on Calvo, Celasun, and Kumhof --; 6. Macroeconomic Fluctuations in an Economy of Phelps-Winter Markets --; 7. General Comments on Part I --; Part II. Imperfect Knowledge, Expectations, and Rationality --; 8. Imperfect Knowledge Expectations, Uncertainty-Adjusted Uncovered Interest Rate Parity, and Exchange Rate Dynamics --; 9. Comments on Frydman and Goldberg --; 10. Endogenous Fluctuations and the Role of Monetary Policy --; 11. A Debt Puzzle --; 12. Comments on Laibson, Repetto, and Tobacman --; 13. Reflections on Parts I and II --; Part III. Determinants of Equilibrium Unemployment --; 14. How Monopsonistic Is the (Danish) Labor Market? --; 15. Company Start-Up Costs and Employment --; 16. European Unemployment: From a Worker’s Perspective --; 17. Comments on Ljungqvist and Sargent --; 18. Flexibility and Job Creation: Lessons for Germany --; 19. The Beveridge Curve, Unemployment, andWages in the OECD from the 1960s to the 1990s --; 20. Comments on Nickell, Nunziata, Ochel, and Quintini PART IV Education, Technical Change, and Growth --; Part IV. Education, Technical Change, and Growth --; 21. Wage Inequality and Technological Change: A Nelson-Phelps Approach --; 22. Comments on Aghion, Howitt, and Violante --; 23. Factor Prices and Technical Change: From Induced Innovations to Recent Debates --; 24. Comments on Acemoglu --; 25. Population and Ideas: A Theory of Endogenous Growth --; 26. Another View of Investment: 40 Years Later --; 27. General Comments on Part IV --; 28. Reflections on Parts III and IV --; Index; restricted access
N2  - 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
UR  - https://doi.org/10.1515/9780691223933?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9780691223933
UR  - https://www.degruyter.com/document/cover/isbn/9780691223933/original
ER  -