Details about Edmund S. Phelps

Homepage:	http://www.columbia.edu/~esp2/
Workplace:	Department of Economics, School of Arts and Sciences, Columbia University, (more information at EDIRC)

Access statistics for papers by Edmund S. Phelps.

Last updated 2009-11-28. Update your information in the RePEc Author Service.

Short-id: pph34

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Working Papers

2009

1. A Structuralist Model of the Small Open Economy in the Short, Medium and Long Run
   Macroeconomics Working Papers, East Asian Bureau of Economic Research
   Also in Discussion Papers, Columbia University, Department of Economics (2002)
   Working Papers, Singapore Management University, School of Economics (2005)
   DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade (2004)
   Macroeconomics Working Papers, East Asian Bureau of Economic Research (2009)
   See also Journal Article in Journal of Macroeconomics (2007)
2. Future Fiscal and Budgetary Shocks
   Macroeconomics Working Papers, East Asian Bureau of Economic Research
   Also in Working Papers, Singapore Management University, School of Economics (2004)
   Discussion Papers, Columbia University, Department of Economics (2004)
   See also Journal Article in Journal of Economic Theory (2008)

2007

3. Autobiography
   Nobel Prize in Economics documents, Nobel Prize Committee

2006

4. Effects of Technological Improvement in the Ict-Producing Sector on Business Activity
   Discussion Papers, Columbia University, Department of Economics
5. ICT-Producing Sector on Business Activity
   Working Papers, Singapore Management University, School of Economics
6. Interview with the 2006 Laureate in Economics, Edmund S. Phelps
   Nobel Prize in Economics documents, Nobel Prize Committee
7. Macroeconomics for a Modern Economy
   Nobel Prize in Economics documents, Nobel Prize Committee
   See also Journal Article in American Economic Review (2007)

2004

8. Changing Prospects: A Structuralist Link through the Capital Market to the Course of Business Activity
   DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade
9. The Structuralist Perspective on Real Exchange Rate, Share Price Level and Employment Path: What Room is Left for Money?
   Working Papers, Singapore Management University, School of Economics View citations

2003

10. Education and the Natural Rate of Unemployment
    ISER working papers, Institute for Social and Economic Research View citations

2002

11. Income tax cuts without spending cuts: Hazards to efficiency, equity, employment and growth
    Discussion Papers, Columbia University, Department of Economics
    See also Journal Article in Journal of Policy Modeling (2002)
12. Tax cuts, employment and asset prices: A real intertemporal model
    Discussion Papers, Columbia University, Department of Economics

2000

13. Roots of the Recent Recoveries: Labor Reforms or Private-Sector Forces ?
    Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) View citations
    See also Journal Article in Brookings Papers on Economic Activity (2000)

1998

14. Low-Wage Employment Subsidies in a Labor-Turnover Model of the 'Natural Rate'
    Working Papers, Indiana - Center for Econometric Model Research View citations

1996

15. The Incidence of Increased Unemployment in the Group of Seven, 1970-1994
    Archive Discussion Papers, Birkbeck, Department of Economics, Mathematics & Statistics View citations

1991

16. Fiscal Policy and economic Activity in the Neoclassical Theory without Bequests
    Discussion Papers, Columbia University, Department of Economics View citations

1990

17. ECONOMIC JUSTICE TO THE WORKING POOR THROUGH A WAGE SUBSIDY
    Discussion Papers, Columbia University, Department of Economics View citations
18. FINAL DEMAND IN A GENERAL-EQUILIBRIUM MODEL OF REAL INTEREST, THE REAL WAGE AND UNEMPLOYMENT
    Discussion Papers, Columbia University, Department of Economics
19. MACROECONOMICS SHOCKS IN DYNAMIZED MODELS OF THE NATURAL RATE OF UNEMPLOYMENT
    Discussion Papers, Columbia University, Department of Economics
20. PRO-KEYNESIAN AND COUNTER-KEYNESIAN IMPLICATIONS OF THE "STRUCTURALIST" THEORY OF UNEMPLOYMENT AND INTEREST UNDER THE CLASSIC TOW-SECTOR VIEW OF CAPITAL AND PRO
    Discussion Papers, Columbia University, Department of Economics
21. PROPOSED REFORMS OF THE ECONOMIC SYSTEM OF INFORMATION AND DECISION IN THE USSR: COMMENTARY AND ADVICE
    Discussion Papers, Columbia University, Department of Economics

1983

22. Individual Expectations and Aggregate Outcomes: An Introduction to the Problem
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations

1979

23. On the Concept of Optimal Taxation in an Overlapping-Generations Model of Efficient Growth
    Working Papers, C.V. Starr Center for Applied Economics, New York University

1974

24. Rawlsian Growth:Dynamic Programming of Capital and Wealth for Intergerational 'Maxi-min' Justice
    UCLA Economics Working Papers, UCLA Department of Economics

1966

25. Optimal Employment and Inflation over Time
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University

1965

26. A Model of Induced Invention, Growth and Distribution
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
27. Absorptive Capacity and the Golden Rule of Accumulation
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
28. Axioms for Factor Augmenting Technical Progress
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
29. Factor-Price-Frontier Estimation of a 'Vintage' Production Model of the Post-war U.S. Nonfarm Business Sector
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
30. Investment in Humans, Technological Diffusion and Economic Growth
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
31. Investment in Humans, Technological Diffusion and the Golden Rule of Education
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
32. Quasi and Generalized Golden Rule Paths: A Study of Commanding Growth Paths
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
33. The Ramsey Problem and the Golden Rule of Accumulation
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University

1964

34. Anticipated Inflation and Economic Welfare in a Neoclassical Model
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
35. Models of Technical Progress and the Golden Rule of Research
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
36. Second Essay on the Golden Rule of Accumulation
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations

1963

37. On the Feasibility of Targeted Growth Through Taxation and the Social Virtue of Private Thrift
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University

1962

38. Substitution, Fixed Proportions, Growth and Distribution
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations

1961

39. An Analysis of the New View of Investment
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
40. The Accumulation of Risky Capital: A Discrete-Time Sequential Utility Analysis
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations

1960

41. Capital Risk and Household Consumption: A Sequential Utility Analysis
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University

Journal Articles

2009

1. Getting Serious about Job Creation: Part I
   The Economists' Voice, 2009, 6, (5)
2. The uncertain direction of the world economy
   Journal of Policy Modeling, 2009, 31, (4), 498-501
3. Two-sector perspectives on the effects of payroll tax cuts and their financing
   Journal of Public Economics, 2009, 93, (1-2), 176-190 View citations

2008

4. Commentary: Revolutionary Times, Then and Now
   Capitalism and Society, 2008, 3, (3)
5. Future fiscal and budgetary shocks
   Journal of Economic Theory, 2008, 143, (1), 499-518
   See also Working Paper (2009)

2007

6. A Dynamic Theory of China–U.S. Trade
   World Economics, 2007, 8, (3), 7-25
7. A structuralist model of the small open economy in the short, medium and long run
   Journal of Macroeconomics, 2007, 29, (2), 227-254
   See also Working Paper (2009)
8. Macroeconomics for a Modern Economy
   American Economic Review, 2007, 97, (3), 543-561 View citations
   See also Working Paper (2006)
9. The Power of Ideas
   World Economics, 2007, 8, (3), 53-110

2006

10. Understanding the Great Changes in the World: Gaining Ground and Losing Ground since World War II
    Capitalism and Society, 2006, 1, (2) View citations

2005

11. Capital Subsidies versus Labor Subsidies: A Trade-Off between Capital and Employment?
    Journal of Money, Credit and Banking, 2005, 37, (5), 907-22 View citations

2004

12. Effects of China's recent development in the rest of the world: With special attention to Latin America
    Journal of Policy Modeling, 2004, 26, (8-9), 903-910
13. The Boom and the Slump: a Causal Account of the 1990s/2000s and the 1920s/1930s
    Journal of Policy Reform, 2004, 7, (1), 3-19
14. The European Labour Markets - The Search for Routes to Better Economic Performance in Continental Europe
    CESifo Forum, 2004, 5, (1), 3-11

2002

15. Income tax cuts without spending cuts: hazards to efficiency, equity, employment and growth
    Journal of Policy Modeling, 2002, 24, (4), 391-399
    See also Working Paper (2002)

2001

16. Structural booms
    Economic Policy, 2001, 16, (32), 83-126 View citations

2000

17. Lessons in Natural-Rate Dynamics
    Oxford Economic Papers, 2000, 52, (1), 51-71 View citations
18. Roots of the Recent Recoveries: Labor Reforms or Private Sector Forces?
    Brookings Papers on Economic Activity, 2000, 31, (2000-1), 237-311 View citations
    See also Working Paper (2000)

1999

19. Behind This Structural Boom: The Role of Asset Valuations
    American Economic Review, 1999, 89, (2), 63-68 View citations
20. Lessons From the Corporatist Crisis in Some Asian Nations
    Journal of Policy Modeling, 1999, 21, (3), 331-339

1998

21. Designing a Capitalist Economy for Fast Growth and High Employment in Today's Globalized World Economy
    Journal of Applied Economics, 1998, I, 87-103
22. Natural-Rate Theory and OECD Unemployment
    Economic Journal, 1998, 108, (448), 782-801 View citations

1997

23. A Strategy for Employment and Growth: the Failure of Statism, Welfarism and Free Markets
    Rivista Italiana degli Economisti, 1997, 1, (5), 121-128
24. Growth, wealth and the natural rate: Is Europe's jobs crisis a growth crisis?
    European Economic Review, 1997, 41, (3-5), 549-557 View citations
25. The Rise and Downward Trend of the Natural Rate
    American Economic Review, 1997, 87, (2), 283-89 View citations

1995

26. The Structuralist Theory of Employment
    American Economic Review, 1995, 85, (2), 226-31 View citations

1994

27. Low-Wage Employment Subsidies versus the Welfare State
    American Economic Review, 1994, 84, (2), 54-58 View citations

1993

28. Needed mechanisms of corporate governance and finance in Eastern Europe 1
    The Economics of Transition, 1993, 1, (2), 171-207

1992

29. A Review of Unemployment
    Journal of Economic Literature, 1992, 30, (3), 1476-90 View citations
30. Consumer Demand and Equilibrium Unemployment in a Working Model of the Customer-Market Incentive-Wage Economy
    The Quarterly Journal of Economics, 1992, 107, (3), 1003-32 View citations
31. Macroeconomic Shocks in a Dynamized Model of the Natural Rate of Unemployment
    American Economic Review, 1992, 82, (4), 889-900 View citations

1990

32. Effects of Productivity, Total Domestic-Product Demand and "Incentive Wages" on Unemployment in a Non-monetary Customer-Market Model of the Small Open Economy
    Scandinavian Journal of Economics, 1990, 92, (2), 353-67 View citations

1989

33. Precommitment to rules in monetary policy
    Proceedings, 1989, 159-185

1988

34. A Working Model of Slump and Recovery from Disturbances to Capital-Goods Demand in an Open Nonmonetary Economy
    American Economic Review, 1988, 78, (2), 346-50 View citations
35. Recent Developments in Macroeconomics: A Very Quick Refresher Course: Comment
    Journal of Money, Credit and Banking, 1988, 20, (3), 456-58

1986

36. The Significance of Customers Markets for the Effects of Budgetary Policy in Open Economies
    Annales d'Economie et de Statistique, 1986, (3), 04 View citations

1985

37. Dynamics of Unemployment, Vacancies and Real Wages with Trade Unions: Comment
    Scandinavian Journal of Economics, 1985, 87, (2), 408-10
38. Union Militancy, External Shocks and the Accommodation Dilemma: Comment
    Scandinavian Journal of Economics, 1985, 87, (2), 355-56

1982

39. Cracks on the Demand Side: A Year of Crisis in Theoretical Macroeconomics
    American Economic Review, 1982, 72, (2), 378-81 View citations

1981

40. Okun's Micro-Macro System: A Review Article
    Journal of Economic Literature, 1981, 19, (3), 1065-73

1979

41. The concept of optimal taxation in the overlapping-generations model of capital and wealth
    Journal of Public Economics, 1979, 12, (1), 1-26 View citations

1978

42. Commodity-Supply Shock and Full-Employment Monetary Policy
    Journal of Money, Credit and Banking, 1978, 10, (2), 206-21 View citations
43. Disinflation without recession: Adaptive guideposts and monetary policy
    Review of World Economics (Weltwirtschaftliches Archiv), 1978, 114, (4), 783-809 View citations
44. Inflation Planning Reconsidered
    Economica, 1978, 45, (178), 109-23 View citations
45. Rawlsian Growth: Dynamic Programming of Capital and Wealth for Intergeneration "Maximin" Justice
    Review of Economic Studies, 1978, 45, (1), 103-20 View citations
46. Transnational effects of fiscal shocks in a two-country model of dynamic equilibrium
    Carnegie-Rochester Conference Series on Public Policy, 1978, 9, (1), 145-179

1977

47. Indexation issues: A comment on the blinder and Fischer papers
    Carnegie-Rochester Conference Series on Public Policy, 1977, 5, (1), 149-168 View citations
48. Stabilizing Powers of Monetary Policy under Rational Expectations
    Journal of Political Economy, 1977, 85, (1), 163-90 View citations

1976

49. Comment on the Donald Gordon paper
    Carnegie-Rochester Conference Series on Public Policy, 1976, 1, (1), 123-126

1975

50. Linear Taxation of Wealth and Wages for Intragenerational Lifetime Justice: Some Steady-State Cases
    American Economic Review, 1975, 65, (4), 660-73 View citations

1973

51. Optimal Stabilization Paths: Comment
    Journal of Money, Credit and Banking, 1973, 5, (1), 563-65
52. Taxation of Wage Income for Economic Justice
    The Quarterly Journal of Economics, 1973, 87, (3), 331-54 View citations
53. The Harried Leisure Class: A Demurrer
    The Quarterly Journal of Economics, 1973, 87, (4), 641-45

1972

54. Money, public expenditure and labor supply
    Journal of Economic Theory, 1972, 5, (1), 69-78
55. The 1972 Report of the President's Council of Economic Advisers: Economics and Government
    American Economic Review, 1972, 62, (4), 533-39
56. The Statistical Theory of Racism and Sexism
    American Economic Review, 1972, 62, (4), 659-61 View citations

1969

57. A Note on Short-Run Employment and Real Wage Rate under Competitive Commodity Markets
    International Economic Review, 1969, 10, (2), 220-32 View citations
58. Population Increase: Reply
    Canadian Journal of Economics, 1969, 2, (3), 459-461
59. Public debt, taxation, and capital intensiveness
    Journal of Economic Theory, 1969, 1, (3), 330-346 View citations
60. The New Microeconomics in Inflation and Employment Theory
    American Economic Review, 1969, 59, (2), 147-60 View citations

1968

61. Money-Wage Dynamics and Labor-Market Equilibrium
    Journal of Political Economy, 1968, 76, 678 View citations
62. Notes on Optimal Monetary Growth and The Optimal Rate of Growth of Money: Comment
    Journal of Political Economy, 1968, 76, 881
63. Population Increase
    Canadian Journal of Economics, 1968, 1, (3), 497-518 View citations

1965

64. Anticipated Inflation and Economic Welfare
    Journal of Political Economy, 1965, 73, 1