Details about Franco Modigliani

This author is deceased (2003-09-25).

Access statistics for papers by Franco Modigliani.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pmo37

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Working Papers

1999

1. A taxonomy of pension reform issues: the case of social security
   Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management
2. An MIT solution to the social security crisis
   Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations (7)
3. Security versus Bank Finance: the Importance of a Proper Enforcement of Legal Rules
   Working Papers, Fondazione Eni Enrico Mattei View citations (1)

1998

4. An economists' manifesto on unemployment in the European Union
   Open Access Publications from Kiel Institute for the World Economy, Kiel Institute for the World Economy (IfW Kiel) View citations (46)
   See also Journal Article An Economist’s Manifesto on Unemployment in the European Union, Journal of Income Distribution, Ad libros publications inc. (1999) View citations (2) (1999)
5. The Age-Saving Profile and the Life-Cycle Hypothesis
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (67)
   See also Chapter The Age–Saving Profile and the Life-Cycle Hypothesis, Chapters, Edward Elgar Publishing (2006) (2006)

1995

6. La crise du chômage en Europe: Une Interprétation keynésienne
   Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

1986

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

1985

8. Life Cycle, Individual Thrift and the Wealth of Nations
   Nobel Prize in Economics documents, Nobel Prize Committee View citations (5)
   See also Journal Article Life Cycle, Individual Thrift, and the Wealth of Nations, American Economic Review, American Economic Association (1986) View citations (376) (1986)

1984

9. Inflation and corporate financial management
   Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations (3)

1981

10. Determinants of private saving with special reference to the role of social security: cross country tests
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations (13)
    See also Chapter Determinants of Private Saving with Special Reference to the Role of Social Security—Cross-country Tests, International Economic Association Series, Palgrave Macmillan (1983) View citations (37) (1983)
11. The trade-off between real wages and employment in an open economy (Belgium)
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (8)
    See also Journal Article The trade-off between real wages and employment in an open economy (Belgium), European Economic Review, Elsevier (1981) View citations (12) (1981)
12. W.A. Mackintosh Lecture 1980: A New Look at the Monetary Mechanism
    Working Paper, Economics Department, Queen's University

1978

13. Towards An Understanding of the Real Effects and Costs of Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (171)
    See also Journal Article Towards an understanding of the real effects and costs of inflation, Review of World Economics (Weltwirtschaftliches Archiv), Springer (1978) View citations (175) (1978)

1975

14. Inflation and the housing market: problems and potential solutions
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations (15)

1974

15. Some economic implications of the indexing of financial assets with special reference to mortgages
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations (13)
    See also Chapter Some Economic Implications of the Indexing of Financial Assets with Special Reference to Mortgages, Palgrave Macmillan Books, Palgrave Macmillan (1976) View citations (7) (1976)

1973

16. A study of market line investment performance fees
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management
17. A test of the capital asset pricing model on European stock markets
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations (2)
18. An introduction to risk and return concepts and evidence
    Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management View citations (2)

1972

19. Cosumption decisions under uncertainty
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
    See also Journal Article Consumption decisions under uncertainty, Journal of Economic Theory, Elsevier (1972) View citations (291) (1972)

1966

20. Epargne et consommation en avenir aléatoire
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Journal Articles

2014

1. A letter to Sylos Labini
   PSL Quarterly Review, 2014, 67, (270), 283-307 View citations (4)
2. Una lettera a Sylos Labini
   Moneta e Credito, 2014, 67, (267), 285-309 View citations (1)

2004

3. The Chinese Saving Puzzle and the Life-Cycle Hypothesis
   Journal of Economic Literature, 2004, 42, (1), 145-170 View citations (269)

2003

4. Editorial — Saving social security
   Journal of Asset Management, 2003, 4, (3), 148-151
5. Rethinking pension reform
   Journal of Financial Transformation, 2003, 8, 8-9 View citations (2)
   See also Book Rethinking Pension Reform, Cambridge Books, 2005 (2005) View citations (11) (2005)
6. The Keynesian Gospel According to Modigliani
   The American Economist, 2003, 47, (1), 3-24 View citations (1)
7. The bugaboo of double taxation
   Journal of Financial Transformation, 2003, 8, 6-7

2000

8. Security Markets versus Bank Finance: Legal Enforcement and Investors' Protection
   International Review of Finance, 2000, 1, (2), 81-96 View citations (40)

1999

9. An Economist’s Manifesto on Unemployment in the European Union
   Journal of Income Distribution, 1999, 08, (2), 1-1 View citations (2)
   Also in BNL Quarterly Review, 1998, 51, (206), 327-361 (1998) View citations (35)
   Banca Nazionale del Lavoro Quarterly Review, 1998, 51, (206), 327-361 (1998) View citations (35)
   See also Working Paper An economists' manifesto on unemployment in the European Union, Open Access Publications from Kiel Institute for the World Economy (1998) View citations (46) (1998)

1998

10. Lessons Learned from Barbara
    Feminist Economics, 1998, 4, (3), 143-144
11. Twenty five years of floating: some observations
    International Journal of Forecasting, 1998, 14, (2), 161-170 View citations (1)

1997

12. Protection of minority interest and the development of security markets
    Managerial and Decision Economics, 1997, 18, (7-8), 519-528 View citations (31)

1993

13. Long-term financing in an inflationary environment
    Pacific-Basin Finance Journal, 1993, 1, (2), 99-104 View citations (1)

1990

14. Government Debt, Government Spending, and Private Sector Behavior: A Further Comment
    American Economic Review, 1990, 80, (3), 600-603 View citations (23)
15. Reply to Steindl and Ugarte
    Journal of Post Keynesian Economics, 1990, 12, (4), 561-563

1988

16. Black Monday in Retrospect and Prospect: A Roundtable
    Eastern Economic Journal, 1988, 14, (4), 337-348
17. MM--Past, Present, Future
    Journal of Economic Perspectives, 1988, 2, (4), 149-58 View citations (5)
18. Reagan's Economic Policies: A Critique
    Oxford Economic Papers, 1988, 40, (3), 397-426 View citations (10)
19. THE MONETARIST CONTROVERSY REVISITED
    Contemporary Economic Policy, 1988, 6, (4), 3-18 View citations (2)
20. The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth
    Journal of Economic Perspectives, 1988, 2, (2), 15-40 View citations (277)

1987

21. The Key to Saving Is Growth, Not Thrift
    Challenge, 1987, 30, (2), 24-29 View citations (1)

1986

22. Cycle de vie, épargne individuelle et richesse des nations
    Revue Française d'Économie, 1986, 1, (2), 16-54 View citations (7)
23. Government Debt, Government Spending and Private Sector Behavior: Comment
    American Economic Review, 1986, 76, (5), 1168-79 View citations (35)
24. Life Cycle, Individual Thrift, and the Wealth of Nations
    American Economic Review, 1986, 76, (3), 297-313 View citations (376)
    See also Working Paper Life Cycle, Individual Thrift and the Wealth of Nations, Nobel Prize in Economics documents (1985) View citations (5) (1985)

1983

25. Debt, Dividend Policy, Taxes, Inflation, and Market Valuation: Erratum
    Journal of Finance, 1983, 38, (3), 1041-42
26. Inflation, financial and fiscal structure, and the monetary mechanism
    European Economic Review, 1983, 21, (1-2), 203-250 View citations (8)

1982

27. Debt, Dividend Policy, Taxes, Inflation and Market Valuation
    Journal of Finance, 1982, 37, (2), 255-73 View citations (41)

1981

28. The trade-off between real wages and employment in an open economy (Belgium)
    European Economic Review, 1981, 15, (1), 1-40 View citations (12)
    See also Working Paper The trade-off between real wages and employment in an open economy (Belgium), LIDAM Reprints CORE (1981) View citations (8) (1981)
29. Uma nova abordagem do mecanismo monetário e sua relação com a estrutura financeira
    Brazilian Review of Econometrics, 1981, 1, (1)

1980

30. Comment on The Determination of Long-Term Interest Rates: Implications for Monetary and Fiscal Policies
    Journal of Money, Credit and Banking, 1980, 12, (2), 370-73

1979

31. Coupon and tax effects on new and seasoned bond yields and the measurement of the cost of debt capital
    Journal of Financial Economics, 1979, 7, (3), 297-318 View citations (7)

1978

32. Comments and Discussion [Efficient-Markets Theory: Implications for Monetary Policy]
    Brookings Papers on Economic Activity, 1978, 9, (3), 753-768 View citations (2)
33. Implications for Policy
    Brookings Papers on Economic Activity, 1978, 9, (2), 507-523 View citations (2)
34. Optimal demand policies against stagflation
    Review of World Economics (Weltwirtschaftliches Archiv), 1978, 114, (4), 736-782 View citations (8)
35. Towards an understanding of the real effects and costs of inflation
    Review of World Economics (Weltwirtschaftliches Archiv), 1978, 114, (4), 810-833 View citations (175)
    See also Working Paper Towards An Understanding of the Real Effects and Costs of Inflation, NBER Working Papers (1978) View citations (171) (1978)

1977

36. A NOTE ON CAPITAL MOVEMENTS AND THE RELATION OF SPREAD IN SPOT AND FORWARD RATES TO VARIATIONS IN THE SHORT‐TERM INTEREST DIFFERENTIAL
    Kyklos, 1977, 30, (1), 38-50
37. Is a Tax Rebate an Effective Tool for Stabilization Policy?
    Brookings Papers on Economic Activity, 1977, 8, (1), 175-210 View citations (7)
38. La politica economica in una economia con salari indicizzati al 100% piu
    Moneta e Credito, 1977, 30, (117), 3-53 View citations (9)
39. Should control theory be used for economic stabilization?: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1977, 7, (1), 85-91
40. The Monetarist Controversy or, Should We Forsake Stabilization Policies?
    American Economic Review, 1977, 67, (2), 1-19 View citations (120)
    Also in Economic Review, 1977, (Spr suppl), 27-46 (1977) View citations (25)
41. The monetarist controversy: discussion
    Economic Review, 1977, (Spr suppl), 12-26
    See also Book The monetarist controversy: discussion, Monograph, 1979 (1979) (1979)
42. The monetarist controversy: presentation
    Economic Review, 1977, (Spr suppl), 5-11
    See also Book The monetarist controversy: a presentation, Monograph, 1979 (1979) (1979)

1976

43. A Theory and Test of Credit Rationing: Reply
    American Economic Review, 1976, 66, (5), 918-20 View citations (1)
44. Some currently suggested explanations and cures for inflation: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1976, 3, (1), 179-184

1975

45. 25 Years after the Rediscovery of Money: What Have We Learned? Discussion
    American Economic Review, 1975, 65, (2), 179-81
46. Alternative Investment Performance Fee Arrangements and Implications for SEC Regulatory Policy
    Bell Journal of Economics, 1975, 6, (1), 127-160 View citations (9)
47. Targets for Monetary Policy in the Coming Year
    Brookings Papers on Economic Activity, 1975, 6, (1), 141-166 View citations (98)
48. The Consumption Function in a Developing Economy and the Italian Experience
    American Economic Review, 1975, 65, (5), 825-42 View citations (9)

1974

49. The 1974 Report of the President's Council of Economic Advisers: A Critique of Past and Prospective Economic Policies
    American Economic Review, 1974, 64, (4), 544-57 View citations (1)

1973

50. A Generalization of the Phillips Curve for a Developing Country
    The Review of Economic Studies, 1973, 40, (2), 203-223 View citations (15)

1972

51. Consumption decisions under uncertainty
    Journal of Economic Theory, 1972, 5, (3), 308-335 View citations (291)
    See also Working Paper Cosumption decisions under uncertainty, LIDAM Reprints CORE (1972) (1972)
52. The Stock Market and the Economy: Discussion
    American Economic Review, 1972, 62, (2), 229-33

1970

53. Central Bank Policy, the Money Supply, and the Short-Term Rate of Interest
    Journal of Money, Credit and Banking, 1970, 2, (2), 166-218 View citations (23)

1969

54. A Comment on the Modigliani-Miller Cost of Capital Thesis: Reply
    American Economic Review, 1969, 59, (4), 592-95
55. A Theory and Test of Credit Rationing
    American Economic Review, 1969, 59, (5), 850-72 View citations (110)
56. Econometric Analysis of Stabilization Policies
    American Economic Review, 1969, 59, (2), 296-314 View citations (12)
57. The Term Structure of Interest Rates: A Re-examination of the Evidence
    Journal of Money, Credit and Banking, 1969, 1, (1), 112-20 View citations (3)

1968

58. The Transmission of Demand Fluctuations Through a Distribution and Production System, the Tv-Set Industry
    Canadian Journal of Economics, 1968, 1, (4), 718-739 View citations (10)

1967

59. Debt Management and the Term Structure of Interest Rates: An Empirical Analysis of Recent Experience
    Journal of Political Economy, 1967, 75, (4), 569 View citations (99)

1966

60. Marginal Productivity and the MacroEconomic Theories of Distribution: Reply to Pasinetti and Robinson
    The Review of Economic Studies, 1966, 33, (4), 321-330 View citations (4)
61. The Pasinetti Paradox in Neoclassical and More General Models
    The Review of Economic Studies, 1966, 33, (4), 269-301 View citations (91)

1964

62. How to Make a Burden of the Public Debt: A Reply to Mishan
    Journal of Political Economy, 1964, 72, (5), 483 View citations (1)
63. Some Empirical Tests of Monetary Management and of Rules versus Discretion
    Journal of Political Economy, 1964, 72, (3), 211 View citations (5)

1962

64. Dividend Policy and Market Valuation: A Reply
    The Journal of Business, 1962, 36, 116

1961

65. Dividend Policy, Growth, and the Valuation of Shares
    The Journal of Business, 1961, 34, 411 View citations (1236)

1959

66. Forecasting Uses of Anticipatory Data: Reply
    The Quarterly Journal of Economics, 1959, 73, (1), 171-172
67. New Developments on the Oligopoly Front: Reply
    Journal of Political Economy, 1959, 67, (4), 418 View citations (2)

1958

68. Forecasting Uses of Anticipatory Data on Investment and Sales
    The Quarterly Journal of Economics, 1958, 72, (1), 23-54 View citations (8)
69. New Developments on the Oligopoly Front
    Journal of Political Economy, 1958, 66, (3), 215 View citations (101)

1956

70. Derivation of a Linear Decision Rule for Production and Employment
    Management Science, 1956, 2, (2), 159-177 View citations (20)

1955

71. A Linear Decision Rule for Production and Employment Scheduling
    Management Science, 1955, 2, (1), 1-30 View citations (51)

1954

72. The Predictability of Social Events
    Journal of Political Economy, 1954, 62, (6), 465 View citations (54)

Books

2011

1. The Debate Over Stabilization Policy
   Cambridge Books, Cambridge University Press

2005

2. Rethinking Pension Reform
   Cambridge Books, Cambridge University Press View citations (11)
   Also in Cambridge Books, Cambridge University Press (2004) View citations (13)
   See also Journal Article Rethinking pension reform, Journal of Financial Transformation, Capco Institute (2003) View citations (2) (2003)
3. The Collected Papers of Franco Modigliani, Volume 6, vol 6
   MIT Press Books, The MIT Press View citations (18)

1989

4. The Collected Papers of Franco Modigliani, Volume 4: Monetary Theory and Stabilization Policies, vol 1
   MIT Press Books, The MIT Press

1979

5. The monetarist controversy: a presentation
   Monograph, Federal Reserve Bank of New York
   See also Journal Article The monetarist controversy: presentation, Economic Review, Federal Reserve Bank of San Francisco (1977) (1977)
6. The monetarist controversy: discussion
   Monograph, Federal Reserve Bank of New York
   See also Journal Article The monetarist controversy: discussion, Economic Review, Federal Reserve Bank of San Francisco (1977) (1977)

Edited books

1983

1. The Determinants of National Saving and Wealth
   International Economic Association Series, Palgrave Macmillan

Chapters

2006

1. The Age–Saving Profile and the Life-Cycle Hypothesis
   Chapter 2 in Long-run Growth and Short-run Stabilization, 2006
   See also Working Paper The Age-Saving Profile and the Life-Cycle Hypothesis, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1998) View citations (67) (1998)

1990

2. The supply of money and the control of nominal income
   Chapter 10 in Handbook of Monetary Economics, 1990, vol. 1, pp 399-399 View citations (19)

1989

3. Testimony III: An Interview
   Palgrave Macmillan

1987

4. Money, Credit and the Monetary Mechanism
   Palgrave Macmillan
5. The Economics of Public Deficits
   Palgrave Macmillan View citations (5)

1983

6. Determinants of Private Saving with Special Reference to the Role of Social Security—Cross-country Tests
   Palgrave Macmillan View citations (37)
   See also Working Paper Determinants of private saving with special reference to the role of social security: cross country tests, Massachusetts Institute of Technology (MIT), Sloan School of Management (1981) View citations (13) (1981)

1976

7. Some Economic Implications of the Indexing of Financial Assets with Special Reference to Mortgages
   Palgrave Macmillan View citations (7)
   See also Working Paper Some economic implications of the indexing of financial assets with special reference to mortgages, Massachusetts Institute of Technology (MIT), Sloan School of Management (1974) View citations (13) (1974)

1972

8. Appendix To Part 1: Equations and Definitions of Variables for the FRB-MIT-Penn Econometric Model, November 1969
   A chapter in Econometric Models of Cyclical Behavior, Volumes 1 and 2, 1972, pp 543-598

1967

9. Estimates of the Cost of Capital Relevant for Investment Decisions Under Uncertainty
   A chapter in Determinants of Investment Behavior, 1967, pp 179-213 View citations (1)

1965

10. The Monetary Mechanism and Its Interaction with Real Phenomena
    A chapter in The State of Monetary Economics, 1965, pp 79-107

1960

11. Introduction to "The Quality and Economic Significance of Anticipations Data"
    A chapter in The Quality and Economic Significance of Anticipations Data, 1960, pp 3-8 View citations (1)
12. The Source of Regressiveness in Surveys of Businessmen's Short-Run Expectations
    A chapter in The Quality and Economic Significance of Anticipations Data, 1960, pp 239-262

1957

13. Business Reasons for Holding Inventories and Their Macro-Economic Implications
    A chapter in Problems of Capital Formation: Concepts, Measurement, and Controlling Factors, 1957, pp 495-511 View citations (1)
14. Introduction
    A chapter in Problems of Capital Formation: Concepts, Measurement, and Controlling Factors, 1957, pp 3-9

1955

15. Economic Expectations and Plans of Firms in Relation to Short-term Forecasting
    A chapter in Short-Term Economic Forecasting, 1955, pp 261-362 View citations (4)

1952

16. The Effect of the Availability of Funds, and the Terms Thereof, on Business Investment
    A chapter in Conference on Research in Business Finance, 1952, pp 263-316

1949

17. Fluctuations in the Saving-Income Ratio: A Problem in Economic Forecasting
    A chapter in Studies in Income and Wealth, Volume 11, 1949, pp 369-444 View citations (32)