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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.

Macroeconomics --- Economists --- Congresses --- Phelps, Edmund S. --- 330.101 --- AA / International- internationaal --- 330.00 --- 338.020 --- 330.01 --- 339 --- -Macroeconomics --- -Economics --- Social scientists --- Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- Economische en sociale theorieën: algemeenheden. --- Theorie van de arbeid. --- Theorie van het economisch evenwicht. --- Phelps, E. S. --- -Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- 330.101 Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- -330.101 Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- Economische en sociale theorieën: algemeenheden --- Theorie van het economisch evenwicht --- Theorie van de arbeid --- Makroökonomie. --- Theorie --- Wachstumstheorie --- Theorie der Arbeitslosigkeit --- Rationale Erwartung --- Unvollkommene Information --- Inflationstheorie --- Konjunkturtheorie --- Makroökonomik --- Makroökonomie --- Argentina. --- Baxter-Stockman puzzle. --- Browning, M. --- Canada, investment in. --- Carlstrom, C. --- Dixit-Stiglitz model. --- Drazen, A. --- Finland, unions in. --- Friedman, Milton. --- Internet usage. --- Olson, Mancur. --- accelerationist Phillips curve. --- advertising expenditures. --- anonymity. --- assessment variables. --- average opinion. --- balanced growth path (BGP). --- bankruptcy. --- behavioral economics. --- belief structure. --- channel capacities. --- common knowledge. --- constant-gain algorithm. --- debt puzzle. --- disability benefits. --- disequilibrium. --- efficiency wages. --- electricity. --- entrepreneurial thesis. --- equity premium puzzle. --- excess returns puzzle. --- exponential discount functions. --- financial accelerator. --- geographic mobility. --- habit formation. --- higher-order beliefs. --- hyperbolic time preferences. --- hyperinflation. --- imperfect knowledge. --- incentive wages. --- infinite-regress problem. --- inflation inertia. --- inflation models. --- job satisfactions. --- job-training programs. --- labor market model. --- learning models. --- matching theory. --- microfounded models. --- monetary equilibrium. --- money neutrality. --- natural rate hypothesis. --- neoclassical growth model. --- new classical macroeconomics. --- owner-occupied housing. --- payroll taxes. --- Economists - United States - Congresses --- Macroeconomics - Congresses --- Makroökonomik --- Makroökonomische Theorie --- Wirtschaftstheorie