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The modern relevance of the Phillips Curve and the NAIRU
The book by Bill Mitchell and Joan Muysken covers the evolution employment theory with a particular emphasis on the inflation-unemployment relationship.
Mitchell, W.F. and J. Muysken, "The modern relevance of the Phillips Curve and the NAIRU", Edward Elgar (forthcoming)
Our joint research over the last few years and in particular Bill. Mitchell's career research (including PhD) has been focussed on subjects that are at the heart of the research that form the basis of the proposed book: "The modern relevance of the Phillips Curve and the NAIRU" which is under contract by the leading international publisher Edward Elgar. The book covers the evolution employment theory with a particular emphasis on the inflation-unemployment relationship.
There are many published papers by Bill Mitchell and Joan Muysken (individually and in collaboration with each other) that are germane to the project. The book will encapsulate the body of research that has been collaboratively developed to date in addition to Dr. Mitchell's earlier research on the subject.
The provisional table of contents is:
Chapter 1 Introduction
Chapter 2 The origins of the Phillips Curve
Chapter 3 Shifting concepts of Full Employment
Chapter 4 The Keynesian era - expectations and stability
Chapter 5 Monetarism rules and full employment is abandoned
Chapter 6 The shifting NAIRU and hysteresis
Chapter 7 Post Keynesian conceptions of inflation
Chapter 8 Inflation targeting - costs and benefits
Chapter 9 Full employment and the government budget constraint
Chapter 10 Buffer stock models of full employment
Chapter 11 Sustainable concepts of full employment and the future of work
Chapter 12 Conclusion
References
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