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John Muellbauer (1944–)

In: The Palgrave Companion to Oxford Economics

Author

Listed:
  • John Duca

    (Oberlin College, Ohio and Federal Reserve Bank of Dallas)

Abstract

John Muellbauer has made notable contributions to applied microeconomics and macroeconomics. His earlier work on indirect utility functions and aggregation and his collaboration with Angus Deaton—especially their Almost Ideal Demand System (AIDS) and classic graduate text, Economics and Consumer Behaviour—notably advanced the practice of applied microeconomics. Building on his work on aggregation, Muellbauer’s mid-career research focused on incorporating balance sheets, credit constraints and expectations into macroeconomic analysis. His seminal papers with Anthony Murphy on housing booms and busts and their impact on UK consumption predated by nearly two decades the acclaimed papers by Mian and Sufi on US housing and consumption during the Great Recession. Muellbauer’s more recent work (in part with Janine Aron, John Duca and Anthony Murphy) has extended his consumption and housing analysis to other countries, re-examined how to model inflation, and integrated financial stability into macroeconomic analysis relevant to policy.

Suggested Citation

  • John Duca, 2021. "John Muellbauer (1944–)," Springer Books, in: Robert A. Cord (ed.), The Palgrave Companion to Oxford Economics, edition 1, chapter 26, pages 645-671, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-58471-9_26
    DOI: 10.1007/978-3-030-58471-9_26
    as

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