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Behavioural macroeconomics / edited by Ian M. McDonald.

Contributor(s): Material type: TextTextSeries: International library of critical writings in economics ; 265.Publisher: Cheltenham : Edward Elgar Publishing Limited, c2012Description: xix, 503 pages : ill. ; 25 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9781781002582 (hardback)
Subject(s): DDC classification:
  • 23 339 BEH 012481
Contents:
pt. I PSYCHOLOGY AND ECONOMICS - A HISTORICAL PERSPECTIVE 1.`The Road Not Taken: How Psychology was Removed from Economics, and How it Might be Brought Back', Economic Journal, 117 (516), January, 146-73 /​ Robert Sugden pt. II SOCIAL NORMS AND MACROECONOMICS 2.`The Missing Motivation in Macroeconomics', American Economic Review, 97 (1), March, 5-36 /​ George A. Akerlof pt. III THE NATURE OF UNEMPLOYMENT 3.`Unhappiness and Unemployment', Economic Journal, 104 (424), May, 648-59 /​ Andrew J. Oswald 4.`Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation', Economic Journal, 118 (531), August, 1418-52 /​ M. Daniele Paserman pt. IV SOME IMPLICATIONS OF EQUITY FOR UNEMPLOYMENT AND INFLATION 5.`The Fair Wage-Effort Hypothesis and Unemployment', Quarterly Journal of Economics, CV (2), May, 255-83 /​ Janet L. Yellen Contents note continued: 6.`A Depressed Labor Market as Explained by Participants', American Economic Review, 85 (2), May, 250-54 /​ Truman F. Bewley 7.`Wage Rigidity in a Competitive Incomplete Contract Market', Journal of Political Economy, 107 (1), February, 106-34 /​ Armin Falk 8.`Insider Power, Wage Discrimination and Fairness', Economic Journal, 104 (424), May, 571-83 /​ Georg Kirchsteiger 9.`Relative Wages, Efficiency Wages, and Keynesian Unemployment', American Economic Review, 78 (2), May, 383-8 /​ Lawrence H. Summers pt. V SOME IMPLICATIONS OF LOSS AVERSION FOR UNEMPLOYMENT AND INFLATION 10.`Wage Relativities and the Natural Range of Unemployment', Economic Journal, 100 (400), 60-66 /​ V. Bhaskar 11.`Loss Averse Customers and Price Inflexibility', Journal of Economic Psychology, 23 (4), August, 521-38 /​ Hugh Sibly 12.`The Diamond of Macroeconomic Equilibria and Non-Inflationary Expansion', Metroeconomica, 56 (3), July, 393-409 /​ Hugh Sibly Contents note continued: 13.`An Estimate of the Range of Equilibrium Rates of Unemployment for Australia', Economic Record, 77 (236), March, 35-50 /​ H. Sibly 14.`Fairness and Inflation Persistence', Journal of the European Economic Association, 2 (2-3), April-May, 240-51 /​ Steinar Holden pt. VI UNEMPLOYMENT AND INFLATION IN THE SOCIAL WELFARE FUNCTION 15.`Preferences Over Inflation and Unemployment: Evidence from Surveys of Happiness', American Economic Review, 91 (1), March, 335-41 /​ Andrew J. Oswald pt. VII CONSUMPTION AND SAVING 16.`Save More Tomorrow[&​#x2122;]: Using Behavioral Economics to Increase Employee Saving', Journal of Political Economy, 112 (1, pt.2), S164-S187 /​ Shlomo Benartzi 17.`Loss Aversion in a Consumption-savings Model', Journal of Economic Behavior and Organization, 38 (2), February, 155-78 /​ Matthew Rabin 18.`The Brain as a Hierarchical Organization', American Economic Review, 98 (4), September, 1312-46 /​ Juan D. Carrillo Contents note continued: pt. VIII THE GLOBAL FINANCIAL CRISIS 19.`The Global Financial Crisis and Behavioural Economics', Economic Papers, 28 (3), September, 249-54 /​ Ian M. McDonald pt. IX ECONOMIC GROWTH AND HAPPINESS 20.`Well-being Over Time in Britain and the USA', Journal of Public Economics, 88 (7-8), July, 1359-86 /​ Andrew J. Oswald 21.`What Can Economists Learn from Happiness Research?', Journal of Economic Literature, 40 (2), June, 402-35 /​ Alois Stutzer 22.`Well-being and Affluence in the Presence of a Veblen Good', Economic Journal, 119 (539), July, 1088-104 /​ Mukesh Eswaran 23.`The Vulcanization of the Human Brain: A Neural Perspective on Interactions Between Cognition and Emotion', Journal of Economic Perspectives, 19 (4), Fall, 3-24 /​ Jonathan D. Cohen pt. X INCOME DISTRIBUTION AND THE UNDERCLASS.
Summary: Behavioural Macroeconomics 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.
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Book Book Indian Institute for Human Settlements, Bangalore 339 BEH 012481 (Browse shelf(Opens below)) Available 012481

Includes bibliographical references.

pt. I PSYCHOLOGY AND ECONOMICS - A HISTORICAL PERSPECTIVE
1.`The Road Not Taken: How Psychology was Removed from Economics, and How it Might be Brought Back', Economic Journal, 117 (516), January, 146-73 /​ Robert Sugden
pt. II SOCIAL NORMS AND MACROECONOMICS
2.`The Missing Motivation in Macroeconomics', American Economic Review, 97 (1), March, 5-36 /​ George A. Akerlof
pt. III THE NATURE OF UNEMPLOYMENT
3.`Unhappiness and Unemployment', Economic Journal, 104 (424), May, 648-59 /​ Andrew J. Oswald
4.`Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation', Economic Journal, 118 (531), August, 1418-52 /​ M. Daniele Paserman
pt. IV SOME IMPLICATIONS OF EQUITY FOR UNEMPLOYMENT AND INFLATION
5.`The Fair Wage-Effort Hypothesis and Unemployment', Quarterly Journal of Economics, CV (2), May, 255-83 /​ Janet L. Yellen
Contents note continued: 6.`A Depressed Labor Market as Explained by Participants', American Economic Review, 85 (2), May, 250-54 /​ Truman F. Bewley
7.`Wage Rigidity in a Competitive Incomplete Contract Market', Journal of Political Economy, 107 (1), February, 106-34 /​ Armin Falk
8.`Insider Power, Wage Discrimination and Fairness', Economic Journal, 104 (424), May, 571-83 /​ Georg Kirchsteiger
9.`Relative Wages, Efficiency Wages, and Keynesian Unemployment', American Economic Review, 78 (2), May, 383-8 /​ Lawrence H. Summers
pt. V SOME IMPLICATIONS OF LOSS AVERSION FOR UNEMPLOYMENT AND INFLATION
10.`Wage Relativities and the Natural Range of Unemployment', Economic Journal, 100 (400), 60-66 /​ V. Bhaskar
11.`Loss Averse Customers and Price Inflexibility', Journal of Economic Psychology, 23 (4), August, 521-38 /​ Hugh Sibly
12.`The Diamond of Macroeconomic Equilibria and Non-Inflationary Expansion', Metroeconomica, 56 (3), July, 393-409 /​ Hugh Sibly
Contents note continued: 13.`An Estimate of the Range of Equilibrium Rates of Unemployment for Australia', Economic Record, 77 (236), March, 35-50 /​ H. Sibly
14.`Fairness and Inflation Persistence', Journal of the European Economic Association, 2 (2-3), April-May, 240-51 /​ Steinar Holden
pt. VI UNEMPLOYMENT AND INFLATION IN THE SOCIAL WELFARE FUNCTION
15.`Preferences Over Inflation and Unemployment: Evidence from Surveys of Happiness', American Economic Review, 91 (1), March, 335-41 /​ Andrew J. Oswald
pt. VII CONSUMPTION AND SAVING
16.`Save More Tomorrow[&​#x2122;]: Using Behavioral Economics to Increase Employee Saving', Journal of Political Economy, 112 (1, pt.2), S164-S187 /​ Shlomo Benartzi
17.`Loss Aversion in a Consumption-savings Model', Journal of Economic Behavior and Organization, 38 (2), February, 155-78 /​ Matthew Rabin
18.`The Brain as a Hierarchical Organization', American Economic Review, 98 (4), September, 1312-46 /​ Juan D. Carrillo
Contents note continued: pt. VIII THE GLOBAL FINANCIAL CRISIS
19.`The Global Financial Crisis and Behavioural Economics', Economic Papers, 28 (3), September, 249-54 /​ Ian M. McDonald
pt. IX ECONOMIC GROWTH AND HAPPINESS
20.`Well-being Over Time in Britain and the USA', Journal of Public Economics, 88 (7-8), July, 1359-86 /​ Andrew J. Oswald
21.`What Can Economists Learn from Happiness Research?', Journal of Economic Literature, 40 (2), June, 402-35 /​ Alois Stutzer
22.`Well-being and Affluence in the Presence of a Veblen Good', Economic Journal, 119 (539), July, 1088-104 /​ Mukesh Eswaran
23.`The Vulcanization of the Human Brain: A Neural Perspective on Interactions Between Cognition and Emotion', Journal of Economic Perspectives, 19 (4), Fall, 3-24 /​ Jonathan D. Cohen
pt. X INCOME DISTRIBUTION AND THE UNDERCLASS.

Behavioural Macroeconomics 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.

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