Lessons in natural-rate dynamics

Oxford Economic Papers

Volumn 52, Issue 1, 2000, Pages 51-71

  Phelps, Edmund S ^a  

^a Howard Hughes Medical Institute   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC ACTIVITY; LABOR MARKET;

EID: 0034018712     PISSN: 00307653     EISSN: None     Source Type: Journal    
DOI: 10.1093/oep/52.1.51     Document Type: Article

References (19)

1. Blanchard, O.J. (1985) . 'Debt, deficits, and finite horizons,' Journal of Political Economy, 93, 223-47.
2. Brecher, R.A., Chen, Z., and Choudhri, E.U. (1998), 'Unemployment and growth in the long run: an efficiency-wage model with optimal saving,' unpublished manuscript., Carleton University, Ottawa.
3. Friedman, M. (1968). 'The role of monetary policy,' American Economic Review, 58, 1-17.
4. Hoon, H.T. and Phelps, E.S. (1992). 'Macroeconomic shocks in a dynamized model of the natural rate of unemployment', American Economic Review, 82, 889-900.
5. Hoon, H.T. and Phelps, E.S, (1996). 'Payroll taxes and VAT in a labour-turnover model of the natural rate', International Tax and Public Finance, 3, 369-83.
6. Hoon, H.T. and Phelps, E.S. (1997) 'Growth, wealth and the natural rate: is the European job crisis a growth crisis?', European Economic Review, May, 549-57.
7. Layard, R. and Nickell, S. (1986). 'Unemployment in Britain', Economica, 53, S121-69.
8. Layard, R. and Nickell, S. (1987). 'The labour market', in R. Dornbusch and R. Layard (eds), The Performance of the British Economy, Clarendon, Oxford.
9. Lindbeck, A. and Snower, D.J. (1988). The Insider-outsider Theory of Employment and Unemployment, MIT Press, Cambridge, MA.
10. Phelps, E.S. (1968). 'Money-wage dynamics and labor-market equilibrium', Journal of Political Economy, 76, 678-711.
11. Phelps, E.S. (1972). 'Money, wealth and labor supply', Journal of Economic Theory, 51, 69-78.
12. Phelps, E.S. (1994). Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest and Assets, Harvard University Press, Cambridge, MA.
13. Phelps, E.S. (1997). Rewarding Work, Harvard University Press, Cambridge, MA.
14. Phelps, E.S. and Winter, S.G. (1970). 'Optimal price policy under atomistic competition', in E.S. Phelps et al (eds), Microeconomic Foundations of Employment and Inflation Theory, Norton, New York, NY.
15. Phelps, E.S. and Zoega, G. (1996). 'The incidence of increased unemployment in the group of seven, 1970-1994', Discussion paper no. 21/96, Birkbeck College, London.
16. Phelps, E.S. and Zoega, G. (1997), 'The rise and downward trend of the natural rate', American Economic Review, Papers and Proceedings, 87, 283-9.
17. Phelps, E.S. and Zoega, G. (1998). 'Natural rate theory and OECD unemployment,' Economic Journal, 108, 782-801.
18. Pissarides, C.A. (1990). Equilibrium Unemployment Theory, Blackwell, Oxford.
19. Salop, S.C. (1979). 'A model of the natural rate of unemployment', American Economic Review, 69, 117-25.