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Comments on the Symposium on Interest and Prices

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  • Woodford, Michael

Abstract

The papers prepared for this symposium cover a great deal of ground. It is a pleasure to be able to respond to them, as this provides an opportunity to try to clarify some of the aims of my book (Woodford 2003) that may have been insufficiently clear in the original work. But I shall have to restrict my attention to only a few of the most important issues raised in the various papers. I shall consider three classes of issues in particular: the methodology adopted in the book, the role of “cashless” models, and the connection between my work and the Wicksellian tradition.

Suggested Citation

  • Woodford, Michael, 2006. "Comments on the Symposium on Interest and Prices," Journal of the History of Economic Thought, Cambridge University Press, vol. 28(2), pages 187-198, June.
    • Handle: RePEc:cup:jhisec:v:28:y:2006:i:02:p:187-198_00
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    Cited by:

    1. Philip Arestis & Alexander Mihailov, 2011. "Classifying Monetary Economics: Fields And Methods From Past To Future," Journal of Economic Surveys, Wiley Blackwell, vol. 25(4), pages 769-800, September.
    2. Pedro Garcia Duarte & Gilberto Tadeu Lima, 2012. "Microfoundations Reconsidered," Books, Edward Elgar Publishing, number 14869.
    3. Pedro Garcia Duarte, 2012. "Not Going Away? Microfoundations in the Making of a New Consensus in Macroeconomics," Chapters, in: Microfoundations Reconsidered, chapter 6, Edward Elgar Publishing.
    4. Ronny Mazzocchi & Roberto Tamborini & Hans-Michael Trautwein, 2009. "The Two Triangles: what did Wicksell and Keynes know about macroeconomics that modern economists do not (consider)?," Department of Economics Working Papers 0906, Department of Economics, University of Trento, Italia.
    5. Jonung, Lars, 2022. "The Problems of Inflation Targeting Originate in the Monetary Theory of Knut Wicksell," Working Papers 2022:8, Lund University, Department of Economics.

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