Behavioural macroeconomics [Research Reviews]

Phelps, E.S. (1968), 'Money wage dynamics and labor-market equilibrium', Journal of Political Economy, 76 (4, Part 2): Issues in monetary research, 678-711. -- Phillips, A.W. (1958), 'The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1...

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Bibliographic Details
Main Author: McDonald, Ian M.
Format: eBook
Language:English
Published: Cheltenham Edward Elgar Pub. Ltd 2012
Series:Elgar research reviews in economics
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Collection: Edward Elgar eBook Archive - Collection details see MPG.ReNa
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Summary:Phelps, E.S. (1968), 'Money wage dynamics and labor-market equilibrium', Journal of Political Economy, 76 (4, Part 2): Issues in monetary research, 678-711. -- Phillips, A.W. (1958), 'The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1861-1957', Economica, 25, 283-99. -- Robinson, J. (1937), Essays in the Theory of Employment, Oxford: Blackwell (1947 edition). -- Robinson, J. (1973), Collected Economic Papers, volume 4, Oxford: Blackwell. -- Luigino Bruni and Robert Sugden (2007), 'The Road Not Taken: How Psychology was Removed from Economics, and How it Might be Brought Back', Economic Journal, 117 (516), January, 146-73 -- George A. Akerlof (2007), 'The Missing Motivation in Macroeconomics', American Economic Review, 97 (1), March, 5-36
Bruno S. Frey and Alois Stutzer (2002), 'What Can Economists Learn from Happiness Research?', Journal of Economic Literature, 40 (2), June, 402-35
Lawrence H. Summers (1988), 'Relative Wages, Efficiency Wages, and Keynesian Unemployment', American Economic Review, 78 (2), May, 383-8 -- V. Bhaskar (1990), 'Wage Relativities and the Natural Range of Unemployment', Economic Journal, 100 (400), 60-66 201 -- Hugh Sibly (2002), 'Loss Averse Customers and Price Inflexibility', Journal of Economic Psychology, 23 (4), August, 521-38 -- Ian M. McDonald and Hugh Sibly (2005), 'The Diamond of Macroeconomic Equilibria and Non-Inflationary Expansion', Metroeconomica, 56 (3), July, 393-409 -- J.N. Lye, I.M. McDonald and H. Sibly (2001), 'An Estimate of the Range of Equilibrium Rates of Unemployment for Australia', Economic Record, 77 (236), March, 35-50 -- John C. Driscoll and Steinar Holden (2004), 'Fairness and Inflation Persistence', Journal of the European Economic Association, 2 (2-3), April-May, 240-51 --
B. Curtis Eaton and Mukesh Eswaran (2009), 'Well-being and Affluence in the Presence of a Veblen Good', Economic Journal, 119 (539), July, 1088-104 -- Jonathan D. Cohen (2005), 'The Vulcanization of the Human Brain: A Neural Perspective on Interactions Between Cognition and Emotion', Journal of Economic Perspectives, 19 (4), Fall, 3-24 -- Robert J. Oxoby (2004), 'Cognitive Dissonance, Status and Growth of the Underclass', Economic Journal, 114 (498), October, 727-49
Recommended readings (Machine generated): Driscoll, J.C. and Holden, S. (2004), 'Fair treatment and inflation persistence', Journal of European Economic Association, 2, (2-3), 240-51. -- Friedman, M. (1968), 'The role of monetary policy', American Economic Review, 58 (1), 1-17. -- Gul, F. and Pesendorfer, W. (2008), 'The Case for Mindless Economics', in The Foundations of Positive and Normative Economics, by Andrew Caplin and Andrew Shotter (eds.) New York: Oxford University Press. -- Heidhues, P. and Koszegi, B. (2008) 'Competition and price variation when consumers are loss averse', American Economic Review, 98 (4), 1245-68. -- Hirsch, F. (1976), The Social Limits of Growth, Cambridge, MA: Harvard University Press. -- Kahneman, D. and Tversky, A. (1979), 'Prospect theory: An analysis of decision under risk', Econometrica, 46, 263-91. -- Keynes, J.M. (1936), The General Theory of Employment, Interest and Prices, London: Macmillan. --
Andrew E. Clark and Andrew J. Oswald (1994), 'Unhappiness and Unemployment', Economic Journal, 104 (424), May, 648-59 -- M. Daniele Paserman (2008), 'Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation', Economic Journal, 118 (531), August, 1418-52 -- George A. Akerlof and Janet L. Yellen (1990), 'The Fair Wage-Effort Hypothesis and Unemployment', Quarterly Journal of Economics, CV (2), May, 255-83 -- Truman F. Bewley (1995), 'A Depressed Labor Market as Explained by Participants', American Economic Review, 85 (2), May, 250-54 -- Ernst Fehr and Armin Falk (1999), 'Wage Rigidity in a Competitive Incomplete Contract Market', Journal of Political Economy, 107 (1), February, 106-34 -- Ernst Fehr and Georg Kirchsteiger (1994), 'Insider Power, Wage Discrimination and Fairness', Economic Journal, 104 (424), May, 571-83 --
'I only wish that Ian McDonald's Behavioural Macroeconomics had been available when I was preparing A Guide to Behavioral Economics; it certainly would have provided me with material to fill in a number of gaps and cite several additional important concerns!'--Hugh Schwartz, University of the Republic, Uruguay. This invaluable volume brings together seminal articles with a significant behavioural content on various areas in macroeconomics. The topics covered include a historical perspective on psychology and economics, social norms and macroeconomics, the nature of unemployment, unemployment and inflation, consumption and saving, the causes of the global financial crisis, economic growth and happiness and income distribution and the underclass. The collection also covers a broad range of the theories and methods used in behavioural economics. The comprehensive volume, with an original introduction by the editor, will be an essential compendium for researchers and students interested in behavioural economics
Knabe, A., Rätzel, S., Schöb, R. and Weimann, J. (2010), 'Dissatisfied with life but having a good day: Time use and well-being of the unemployed', Economic Journal, 120 (547), 867-89. -- Layard, R. (2005), Happiness: Lessons from a New Science, London: Penguin, Allen Lane. -- Lye, J.N. and McDonald, I.M. (2006), 'Union power and Australia's Inflation Barrier, 1965:4 to 2003:3', Australian Journal of Labour Economics, 9 (3), 287-304. -- Lye, J.N. and McDonald, I.M. (2008), 'The Eisner puzzle, the unemployment threshold and the range of equilibria', International Advances in Economic Research, 14 (2), 125-41. -- Lye, J.N., McDonald, I.M. and Sibly, H. (2001), 'An estimate of the range of equilibrium rates of unemployment for Australia', Economic Record, 77 (236), 35-50. -- McDonald, I.M. (2010), 'Beyond Krugman to behavioural Keynes', Agenda, 17 (1), 89-93. --
Rafael Di Tella, Robert J. MacCulloch and Andrew J. Oswald (2001), 'Preferences Over Inflation and Unemployment: Evidence from Surveys of Happiness', American Economic Review, 91 (1), March, 335-41 -- Richard H. Thaler and Shlomo Benartzi (2004), 'Save More TomorrowTM: Using Behavioral Economics to Increase Employee Saving', Journal of Political Economy, 112 (1, pt.2), S164-S187 -- David Bowman, Deborah Minehart and Matthew Rabin (1999), 'Loss Aversion in a Consumption-savings Model', Journal of Economic Behavior and Organization, 38 (2), February, 155-78 307 -- Isabelle Brocas and Juan D. Carrillo (2008), 'The Brain as a Hierarchical Organization', American Economic Review, 98 (4), September, 1312-46 -- Ian M. McDonald (2009), 'The Global Financial Crisis and Behavioural Economics', Economic Papers, 28 (3), September, 249-54 -- David G. Blanchflower and Andrew J. Oswald (2004), 'Well-being Over Time in Britain and the USA', Journal of Public Economics, 88 (7-8), July, 1359-86 --
Physical Description:1 v
ISBN:9781784710286