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A Theory of Pseudo-Wealth

In: Contemporary Issues in Macroeconomics

Author

Listed:
  • Martin Guzman

    (Columbia University)

  • Joseph E. Stiglitz

    (Columbia University)

Abstract

Recent events in the US and Europe have witnessed the limitations of conventional macroeconomic models to predict and explain large economic recessions and crises, and to provide guidance for policies that attempt to resolve them.

Suggested Citation

  • Martin Guzman & Joseph E. Stiglitz, 2016. "A Theory of Pseudo-Wealth," International Economic Association Series, in: Joseph E. Stiglitz & Martin Guzman (ed.), Contemporary Issues in Macroeconomics, chapter 3, pages 21-33, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-52958-9_4
    DOI: 10.1057/9781137529589_4
    as

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    Citations

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    Cited by:

    1. Botta, Alberto & Caverzasi, Eugenio & Russo, Alberto & Gallegati, Mauro & Stiglitz, Joseph E., 2021. "Inequality and finance in a rent economy," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 998-1029.
    2. Stiglitz, Joseph, 2021. "Lessons from COVID-19 and Trump for Theory and Policy (Paper)," Journal of Policy Modeling, Elsevier, vol. 43(4), pages 749-760.
    3. Stiglitz, Joseph E., 2019. "Addressing climate change through price and non-price interventions," European Economic Review, Elsevier, vol. 119(C), pages 594-612.
    4. Joseph E. Stiglitz, 2017. "The Revolution of Information Economics: The Past and the Future," NBER Working Papers 23780, National Bureau of Economic Research, Inc.

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