ABSTRACT OF PAPER
Title: Edmund Phelps and Modern Macroeconomics
Author: Dimand Robert
Phelps, winner of the 2006 Nobel Prize, has been a central figure in the development of macroeconomics. From 1967 onwards, his work (together with Friedman's 1968 AEA address) led to the expectations-augmented Phillips curve and the natural rate hypothesis, which Phelps subsequently developed in a distinctive non-monetary, structuralist direction, analyzing the natural rate as a function of the real structure of the economy. This paper is part of a session "History of recent economics II: Modern macroeconomics and its microfoundations," which was submitted by Roger Backhouse.
Registred web users only can download this paper - Go back
Please note that files available for download have not been checked for viruses. These files have been submitted by authors of the conference to this web site. Conference organisers can't accept any responsibility for damages caused to users by downloading such files.