Edmund Phelps, Columbia University

Profile photo of Edmund Phelps, expert at Columbia University

Department of Economics Professor Emeritus New York City, New York esp2@columbia.edu

Expert In

Business swings Economic dynamism Economic growth Golden Rule savings rate Inflation Macroeconomics Microfoundations Natural rate of unemployment Price-wage dynamics Theory of employment determination

Bio/Research

Phelps received the 2006 Nobel Prize in Economics for “for his analysis of intertemporal tradeoffs in macroeconomic policy,” which has deepened society’s understanding of the relationship between short-run and long-run effects of economic policy. He has showed how the possibilities of stabilizati...

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Bio/Research

Phelps received the 2006 Nobel Prize in Economics for “for his analysis of intertemporal tradeoffs in macroeconomic policy,” which has deepened society’s understanding of the relationship between short-run and long-run effects of economic policy. He has showed how the possibilities of stabilization policy in the future depend on today’s policy decisions; low inflation today leads to expectations of low inflation in the future. His seminal research and writings have influenced economic research as well as policy.

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