Knowledge, Information, and Expectations in Modern Macroeconomics

In Honor of Edmund S. Phelps

Herausgeber: Aghion, Philippe; Stiglitz, Joseph E.; Frydman, Roman
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Highlights the influence of Edmund Phelps' ideas. Addressing the most important debates in macroeconomic theory, this book focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an economy's performance.