A. W. H. Phillips: Collected Works in Contemporary Perspective

doi:10.1017/CBO9780511521980

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Edited by Robert Leeson, Murdoch University, Western Australia

Publisher:: Cambridge University Press
Online publication date:: May 2010
Print publication year:: 2000
Online ISBN:: 9780511521980
DOI:: https://doi.org/10.1017/CBO9780511521980

Subjects:: Economics, Economic Theory

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Virtually all of contemporary macroeconomics is underpinned by a Phillips curve of one variety or another; yet most of this literature displays a curious neglect of the theoretical dynamic stabilisation perspective provided by A. W. H. Phillips. This 2000 volume collected for the first time the major work of one of the great economists, integrating Phillips's empirical work with his theoretical contribution. In addition to twelve substantive chapters, twenty-nine economists including Lawrence Klein, James Meade, Thomas Sargent, Peter Phillips, David Hendry, William Baumol, Richard Lipsey and Geoffrey Harcourt highlight and interpret Phillips's ongoing influence. This volume also contains six of Phillips's previously unpublished essays, four of which were thought to have been lost. The fifth such essay (Phillips's second empirical Phillips curve) was previously an informal working paper of which few copies circulated, and the sixth essay is a forerunner of the Lucas Critique written by Phillips shortly before his death.

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A. W. H. Phillips: Collected Works in Contemporary Perspective

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23 - Economic policy and development
pp 224-230

24 - The famous Phillips Curve article
pp 231-242

25 - The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1861-1957
pp 243-260

26 - Discussion of Dicks-Mireaux and Dow's The Determinants of Wage Inflation: United Kingdom, 1946-1956
pp 261-262

27 - The Melbourne paper
pp 263-268

28 - Wage changes and unemployment in Australia, 1947-1958
pp 269-281

29 - Phillips and stabilisation policy as a threat to stability
pp 282-287

30 - The Phillips Curve in macroeconomics and econometrics
pp 288-295

31 - Bill Phillips' contribution to dynamic stabilisation policy
pp 296-303

32 - A Left Keynesian view of the Phillips Curve trade-off
pp 304-307

33 - Interactions with a fellow research engineer-economist
pp 308-314

34 - Does modern econometrics replicate the Phillips Curve?
pp 315-334

35 - The famous Phillips Curve article: a note on its publication
pp 335-338

Part IV - Econometrics
pp 339-340

36 - The Bill Phillips legacy of continuous time modelling and econometric model design
pp 341-347

37 - The published papers
pp 348-352

38 - The influence of A.W. Phillips on econometrics
pp 353-364

39 - An appreciation of A.W. Phillips
pp 365-369

40 - Some notes on the estimation of time-forms of reactions in interdependent dynamic systems
pp 370-384

41 - Cybernetics and the regulation of economic systems
pp 385-394

42 - The estimation of parameters in systems of stochastic differential equations
pp 395-407

43 - Estimation, regulation and prediction in interdependent dynamic systems
pp 408-418

44 - The Walras-Bowley Paper
pp 419-422

45 - Estimation of systems of difference equations with moving average disturbances
pp 423-444

46 - The estimation of continuous time models
pp 445-448

47 - Estimation in continuous time series models with autocorrelated disturbances
pp 449-450

48 - Efficient fitting of rational spectral density functions and transfer functions
pp 451-458

49 - The Lucas Critique: did Phillips make a comparable contribution?
pp 459-467

50 - Models for the control of economic fluctuations
pp 468-474

51 - Statistical estimation for the purpose of economic regulation
pp 475-478

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A. W. H. Phillips: Collected Works in Contemporary Perspective

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