James A Forder
D.Phil., University of Oxford
Tutorial Fellow, Balliol College
College or Institution: Balliol College
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Research Interests
Summary: Macroeconomic policymaking in the developed world, European monetary integration, and the history of economic thought in the 20th century.
My present research concerns the history of the Phillips curve and the influence of suppositions about it on the conduct of macroeconomic policy. The Phillips curve was not, contrary to what the textbooks say, quickly and widely accepted as offering a stable tradeoff between inflation and unemployment and the supposedly original theory disputing that view (usually attributed to Friedman and Phelps) was standard fare long before they presented it. But mistaken beliefs about the attitudes taken to the Phillips curve continue to affect policy presumptions.
Courses Taught at the University
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Research Group(s)
Recent Working Papers
- Economists on Samuelson and Solow on the Phillips curve (2010)
- The L-shaped aggregate supply curve and the future of macroeconomics (2010)
- Friedman's Nobel Lecture reconsidered (2008)
- The historical place of the 'Friedman-Phelps' expectations critique (2008)
- Traps in the Measurement of Independence and Accountability of Central Banks (2000)
- Could Reputation-Bias be a Bigger Problem than Inflation-Bias? (2000)
- see more working papers by this author
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Category: Economists in Oxford Colleges