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The Collected Papers of Franco Modigliani, Volume 6

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  • Franco Modigliani

Abstract

This volume of papers, articles, and essays by the late Nobel Prize-winning economist Franco Modigliani contains writings published during the last decade of his life as well as three seminal earlier papers on the life-cycle hypothesis. As in the previous Collected Papers, the writings are organized by topic; within each topic, the order is chronological. Part I treats the life-cycle hypothesis. Beginning with his important essay from 1954 (written with Richard Brumberg), which laid down the foundation of the life-cycle model, and ending with the last paper Modigliani completed before his death in September 2003, this section presents his research on this topic as a coherent whole. Part II deals with unemployment and monetary policy in the European Union during the last decade of the twentieth century and includes a manifesto on EU unemployment written with six other economists. Part III contains essays on a variety of topics, among them inflation, financial risk, legal institutions, and unemployment. This section includes "The Keynesian Gospel According to Modigliani," which revisits the topic of the general theory of employment, interest, and money and its implications for mass unemployment sixty years after his first ground-breaking paper on the topic. Many of the articles in volume 6 are the product of collaboration; coauthors include Richard Brumberg, Albert Ando, Shi Larry Cao, Jean Paul Fitoussi, Tullio Jappelli, Beniamino Moro, Denis Snower, Robert Solow, Alfred Steinherr, Paolo Sylos Labinia, and Modigliani's granddaughter Leah Modigliani. The volume concludes with an interview of Modigliani by William A. Barnett and Robert Solow from 2000.

Suggested Citation

  • Franco Modigliani, 2005. "The Collected Papers of Franco Modigliani, Volume 6," MIT Press Books, The MIT Press, edition 1, volume 6, number 0262134543, January.
  • Handle: RePEc:mtp:titles:0262134543
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    Citations

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    Cited by:

    1. Tullio Jappelli & Immacolata Marino & Mario Padula, 2014. "Households' Saving and Debt in Italy," Politica economica, Società editrice il Mulino, issue 2-3, pages 175-202.
    2. Dan Goldhaber & Cyrus Grout, 2016. "Pension Choices and the Savings Patterns of Public School Teachers," Education Finance and Policy, MIT Press, vol. 11(4), pages 449-481, Fall.
    3. Susan B. Carter & Richard Sutch, 1995. "Myth of the Industrial Scrap Heap: A Revisionist View of Turn-of-the- Century American Retirement," NBER Historical Working Papers 0073, National Bureau of Economic Research, Inc.
    4. Gregory Ponthiere, 2016. "The contribution of improved joint survival conditions to living standards: an equivalent consumption approach," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(2), pages 407-449, February.
    5. Grégory Ponthière, 2015. "The contribution of improved joint survival conditions to living standards: An equivalent consumption approach," Working Papers halshs-01194427, HAL.
    6. repec:taf:revpoe:v:28:y:2016:i:4:p:467-487 is not listed on IDEAS
    7. An-Chi Tung, 2011. "Consumption over the lifecycle: an international comparison," Chapters,in: Population Aging and the Generational Economy, chapter 6 Edward Elgar Publishing.

    More about this item

    Keywords

    unemployment; monetary policy; inflation; life-cycle hypothesis; Europe;

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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