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Franco Modigliani

Franco Modigliani (1918-2003) was Professor Emeritus of Economics and Management at MIT, where he began teaching in 1960. He won the Nobel Prize for Economics in 1985.

Titles by This Author

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.

Monetary Theory and Stabilization Policies

These two volumes bring together articles, commentaries, and excerpts by Nobel Prize-winning economist Franco Modigliani published from the late 1970s to 1989.

The 11 essays collected in Volume 4 focus on money and inflation and on stabilization policies for growth and unemployment. The 21 essays in Volume 5 cover saving and wealth, deficits, the real effects of inflation, and finance.

Franco Modigliani is Institute Professor and Professor of Economics and Finance at MIT. Simon Johnson, a graduate of MIT, is Junior Scholar at the Harvard Academy of International and Area Studies.

Savings, Deficits, Inflation, and Financial Theory

These two volumes bring together articles, commentaries, and excerpts by Nobel Prize-winning economist Franco Modigliani published from the late 1970s to 1989.The 11 essays collected in Volume 4 focus on money and inflation and on stabilization policies for growth and unemployment. The 21 essays in Volume 5 cover saving and wealth, deficits, the real effects of inflation, and finance.Franco Modigliani is Institute Professor and Professor of Economics and Finance at MIT. Simon Johnson, a graduate of MIT, is Junior Scholar at the Harvard Academy of International and Area Studies.