Macroeconomics for a Modern Economy

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Hoon Teck Hian Phelps Edmund S. “Macroeconomic Shocks in a Dynamized Model of the Natural Rate of Unemployment,” American Economic Review, 1992, 82(4), pp. 889–900.

Hoon Teck Hian Phelps Edmund S. “Payroll Taxes and VAT in a Labor-Turnover Model of the ‘Natural Rate,’” International Tax and Public Finance, 1996, 3(3), July, pp. 367–81.

Hoon Teck Hian Phelps Edmund S. “Growth, Wealth and the Natural Rate: Is the Jobs Crisis a Growth Crisis?” European Economic Review, 1997 (Papers and Proceedings), 41(3–5), pp. 549–557.

Hoon Teck Hian Phelps Edmund S. “Future Fiscal and Budgetary Shocks,” Journal of Economic Theory, forthcoming.

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Phelps Edmund S. “The Accumulation of Risky Capital: A Sequential Utility Analysis,” Econometrica, 1962, 30(4), pp. 729–43.

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Phelps Edmund S. “Optimal Employment and Inflation Over Times,” Cowles Foundation Discussion Paper No. 214, August 1966a.

Phelps Edmund S. “Models of Technical Progress and the Golden Rule of Research,” Review of Economic Studies, 1966b, 33(2), pp. 133–45.

Phelps Edmund S. Golden Rules of Economic Growth. New York: W. W. Norton and Co., 1966c.

Phelps Edmund S. “Inflation Expectations and Optimal Unemployment over Time,” Economica, 1967, 34(135), pp. 254–81.

Phelps Edmund S. “Money Wage Dynamics and Labor Market Equilibrium,” Journal of Political Economy, 1968a, 76(4), Part 2, pp. 687–711. Repr. in Panayotis G. Korliras Richard S. Thom , eds., Modern Macroeconomic: Major Contributions to Contemporary Thought. New York: Harper and Row, 1979.

Phelps Edmund S. “Population Increase,” Canadian Journal of Economics, 1968b, 1(3), pp. 497–518.

Phelps Edmund S. Inflation Policy and Unemployment Theory. New York: W. W. Norton and Co. and London: Macmillan, 1972a.

Phelps Edmund S. “Money, Wealth, and Labor Supply,” Journal of Economic Theory, 1972b, 5(1), pp. 69–78.

Phelps Edmund S. “The Statistical Theory of Racism and Sexism,” American Economic Review, 1972c, 62 (4), pp. 659–61.

Phelps Edmund S. “Taxation of Wage Income for Economic Justice,” Quarterly Journal of Economics, 1973a, 87(3), pp. 331–54.

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Phelps Edmund S. “Disinflation Without Recession: Adaptive Guideposts and Monetary Policy,” Weltwirtschaftliches Archiv, 1978, 100(2). Repr. in Edmund S. Phelps , Studies in Macroeconomic Theory. Vol. 1: Employment and Inflation. New York: Academic Press, 1979, pp. 239–65.

Phelps Edmund S. “Introduction: Developments in Non-Walrasian Theory,” Studies in Macroeconomic Theory. Vol. 1: Employment and Inflation. New York: Academic Press, 1979.

Phelps Edmund S. “The Trouble with Rational Expectations and the Problem of Inflation Stabilization,” in Frydman Roman Edmund S. Phelps , eds., Individual Forecasting and Aggregate Outcomes: ‘Rational Expectations’ Examined. Cambridge: Cambridge University Press, 1983.

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Phelps Edmund S. “Consumer Demand and Equilibrium Unemployment in a Working Model of the Customer-Market Incentive-Wage Economy,” Quarterly Journal of Economics, 1992, 107(3), pp. 1003–32.

Phelps Edmund S. Structural Slumps: The Modern-Equilibrium Theory of Unemployment, Interest and Assets. Cambridge, Mass.: Harvard University Press, 1994.

Phelps Edmund S. Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise. Cambridge, Mass.: Harvard University Press, 1997.

Phelps Edmund S. “Europe's Stony Grounds for the Seeds of Growth,” Financial Times, August 9, 2000.

Phelps Edmund S. “Understanding the Great Changes in the World: Gaining Ground and Losing Ground since World War II,” Lecture, International Economic Association World Congress, Marrakech, August 28-September 2, 2005. Capitalism and Society, 1(2), 2006. Electronic journal of the Center on Capitalism and Society, BE Press.

Phelps Edmund S. “Prospective Shifts, Speculative Swings: ‘Macro’ for the Twenty-First Century in the Tradition Championed by Paul Samuelson,” in Szenberg Michael Ramrattan Lall Aron A. Gottesman , eds., Samuelsonian Economics and the Twenty-First Century. Oxford: Oxford University Press, 2006a.

Phelps Edmund S. “Toward a Model of Innovation and Performance: Along the Lines of Knight, Keynes, Hayek and M. Polanyí,” Max Planck Institut-Kauffman Foundation Conference, Tegernsee (Munich) 8–9 May, 2006b.

Phelps Edmund S. “Economic Culture and Economic Performance: What Light is Shed on the Continent's Problem?” CESifo-CCS Conference, San Servolo (Venice), 21–22 July, 2006c.

Phelps Edmund S. “Employment, Asset Prices and Monetary Policy,” Festschrift for Axel Leijonhufvud, UCLA, Los Angeles, Aug. 30–31, 2000d.

Phelps Edmund S. “The Economic Performance of Nations: Prosperity Depends on Dynamism, Dynamism on Institutions,” Conference on Entrepreneurship, Innovation and the Growth Mechanism of the Free-Market Economies (Nov. 2003). in Sheshinski Eytan , ed., The Growth Mechanism of Free Enterprise Economies, Princeton: Princeton University Press, 2007.

Phelps Edmund S. Microeconomic Foundations of Employment and Inflation Theory. New York: W. W. Norton and Co., 1970.

Phelps Edmund S. Pollak Robert A. “Second-Best National Saving and Game-Equilibrium Growth.” Review of Economic Studies, 1968, 35(2), pp. 185–99.

Phelps Edmund S. Taylor John B. “Stabilizing Powers of Monetary Policy Under Rational Expectations,” Journal of Political Economy, 1977, 85(1), pp. 163–90.

Phelps Edmund S. Winter Jr. Sidney G. “Optimal Price Policy under Atomistic Competition,” in Phelps Edmund S. , Microeconomic Foundations of Employment and Inflation Theory. New York: W. W. Norton and Co., 1970.

Phelps Edmund S. Zoega Gylfi . “The Rise and Downward Trend of the Natural Rate,” American Economic Review, 1997 (Papers and Proceedings), 87(2), pp. 283–9.

Phelps Edmund S. Zoega Gylfi . “Natural Rate Theory and OECD Unemployment,” Economic Journal, 1998, 108(448), pp. 782–801.

Phelps Edmund S. Zoega Gylfi . “Structural Booms: Productivity Expectations and Asset Valuations,” Economic Policy, 2001, 16(32), pp. 85–126.

Phelps Edmund S. Hian Teck Hoon Zoega Gylfi . “The Structuralist Perspective on Real Exchange Rate, Share Price Level and Employment Path: What Room is Left for Money?” in Semmler Willi , ed., Monetary Policy and Unemployment: The U.S., Euro-Area and Japan. London: Routledge, 2005, pp. 107–32.

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