Profile Major Works Resources

Jerome L. Stein, 1928-2013

Jerome L. Stein was one of the creators of the "Keynes-Wicksell" model of monetary growth which incorporated an independent investment function and took careful consideration of disequilibrium and macro-growth linkage harked back to the works of Wicksell, Keynes and Hayek. Jerome Stein's initial presentation of the model in the late 1960s - in particular, his Money and Capacity Growth (1971) presentation - was coupled with Hugh Rose's and Keizo Nagatani's developments. However, it had a short-lived existence as the attention of macroeconomists turned to the Rational Expectations debate. Since then, Stein has worked on problems of stabilization policy and finance. The Keynes-Wicksell model has recently had a resurgence in Post Keynesian and Post Walrasian theory.

Receiving his Ph.D. from Yale in 1955, Jerome L. Stein taught at at Brown University for most of his career.

 

  

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Major works of Jerome L. Stein

  • "Methods of Indentifying Disturbances which Produce Changes in Money National income", 1960, JPE
  • "The Nature and Efficiency of the Foreign Exchange Market", 1962, Essays in International Finance.
  • "Money and Capacity Growth", 1966, JPE.
  • "Neoclassical and Keynes-Wicksell Models of Monetary Growth", 1969, JMCB.
  • "A Minimal Role of Government in Achieving Optimal Growth", 1969, Economica.
  • "Stabilization Policies in a Growing Economy" with K. Nagatani, 1969, RES.
  • "Monetary Growth Theory in Perspective", 1970, AER.
  • Money and Capacity Growth, 1971.
  • "Optimal Stabilization", with E.F.Infante, 1973, JMCB.
  • "Unemployment, Inflation andMonetarism", 1974, AER.
  • "Inside the Monetarist Black Box", 1976, in Stein, editor, Monetarism.
  • "Inflation, Employment and Stagflation", 1978, JME.
  • "Spot, Forward and Futures", 1979, in Levy, editor, Research in Finance.
  • Monetarist, Keynesian and New Classical Economics, 1982.

 
HET

 
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Resources on Jerome L. Stein

 

 
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