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Rethinking Expectations: The Way Forward for Macroeconomics

Roman Frydman and Edmund S. Phelps (eds)

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691155234
eISBN:
9781400846450
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155234.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark “Phelps microfoundations volume,” Microeconomic Foundations of Employment and Inflation ... More


The Place of Financial Markets in the Economy

Hendrik S. Houthakker and Peter J. Williamson

in The Economics of Financial Markets

Published in print:
1996
Published Online:
November 2003
ISBN:
9780195044072
eISBN:
9780199832958
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019504407X.003.0002
Subject:
Economics and Finance, Financial Economics

Some of the frameworks and concepts of macroeconomics are deployed to explore the place of financial markets in the US economy, and various important questions are introduced (such as how interest ... More


A Wage-led Employment Regime: Income Distribution, Labour Discipline, and Aggregate Demand in Welfare Capitalism

Samuel Bowles and Robert Boyer

in The Golden Age of Capitalism: Reinterpreting the Postwar Experience

Published in print:
1992
Published Online:
October 2011
ISBN:
9780198287414
eISBN:
9780191684548
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198287414.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter focuses on the theoretical implications of another aspect of the institutional arrangements that went into the making and unmaking of the ‘golden age’ — the relations between capital and ... More


Sir William Petty: National Income Accounting

Antoin E. Murphy

in The Genesis of Macroeconomics: New Ideas from Sir William Petty to Henry Thornton

Published in print:
2008
Published Online:
May 2009
ISBN:
9780199543229
eISBN:
9780191715709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199543229.003.0002
Subject:
Economics and Finance, Economic History, History of Economic Thought

This chapter discusses Sir William Petty's background and contributions to macroeconomics. Petty was a man of many coats: anatomist, physician, professor of music, inventor, statistician, Member of ... More


Sweden: Watchdog with a Broad Remit

Lars Calmfors

in Restoring Public Debt Sustainability: The Role of Independent Fiscal Institutions

Published in print:
2013
Published Online:
January 2014
ISBN:
9780199644476
eISBN:
9780191749100
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199644476.003.0010
Subject:
Economics and Finance, Financial Economics

With its creation traced only indirectly to the financial crisis of the 1990s, the Swedish Fiscal Policy Council, established in 2007, has limited resources but a broad remit. In addition to ... More


Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective

Jeff Fuhrer, Yolanda K. Kodrzycki, Jane Sneddon Little, and Giovanni P. Olivei (eds)

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262013635
eISBN:
9780262258784
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013635.001.0001
Subject:
Economics and Finance, Econometrics

In 1958, economist A. W. Phillips published an article describing what he observed to be the inverse relationship between inflation and unemployment; subsequently, the “Phillips curve” became a ... More


The Continuing Unemployment Crisis: Causes, Cures, and Questions for Further Study

Christina D. Romer

in Working and Living in the Shadow of Economic Fragility

Published in print:
2014
Published Online:
December 2014
ISBN:
9780199988488
eISBN:
9780190218249
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199988488.003.0001
Subject:
Social Work, Social Policy, Research and Evaluation

This first chapter presents a speech on unemployment, macroeconomics in the United States, and public policy. The speech was delivered at Washington University. It discusses the Obama ... More


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