Edmund S. Phelps and Modern Macroeconomics 3 (22) ------Philippe Aghion Roman Frydman Joseph Stiglitz and Michael Woodford

PART I Information, Wage-Price Dynamics, and Business Fluctuations

Imperfect Common Knowledge and the Effects of Monetary Policy 25 (34) --Michael Woodford

Comments on Woodford 59 (5) Lars E. O. Svensson

Sticky Information: A Model of Monetary Nonneutrality and Structural Slumps 64 (23) ------ ---------------------------------------------------------------------- N. Gregory Mankiw and Ricardo Reis

A Theory of Rational Inflationary Inertia 87 (31) -----------------Guillermo A. Calvo, Oya Celasun and Michael Kumhof

Comments on Calvo, Celasun, and Kumhof 118 (5) --------------------------------------Mark Gertler

Macroeconomic Fluctuations in an Economy of Phelps-Winter Markets 123 (14) -------------------------------------------------------------------------Bruce Greenwald and Joseph Stiglitz

General Comments on Part I 137 (8) ---------------------------------------------Robert E. Lucas, Jr.

PART II Imperfect Knowledge, Expectations, and Rationality

Imperfect Knowledge Expectations, Uncertainty-Adjusted Uncovered Interest Rate Parity, and Exchange Rate Dynamics 145 (38)----------------------------- Roman Frydman Michael D. Goldberg

Comments on Frydman and Goldberg 183 (5) -----------------------------------------David H. Papell

Endogenous Fluctuations and the Role of Monetary Policy 188 (40)-----------------Mordecai Kurz, Hehui Jin and Maurizio Motolese

A Debt Puzzle 228 (39) -------------------David Laibson, Andrea Repetto and Jeremy Tobacman

PART III Determinants of Equilibrium Unemployment

How Monopsonistic Is the (Danish) Labor Market? 285 (24) --------------------Dale T. Mortensen

Company Start-Up Costs and Employment 309 (17) -----------------------Christopher A. Pissarides

European Unemployment: From a Worker's Perspective 326 (25)-------------- Lars Ljungqvist and Thomas J. Sargent

Comments on Ljungqvist and Sargent 351 (6) -------------------------------------Olivier J. Blanchard

Flexibility and Job Creation: Lessons for Germany 357 (37) ----------------------James J. Heckman

The Beveridge Curve, Unemployment, and Wages in the OECD from the 1960s to the 1990s 394 (38) ----------------------------Stephen Nickell, Luca Nunziata, Wolfgang Oche and Glenda Quintini

Comments on Nickell, Nunziata, Ochel, and Quintini 432 (11) -------------------Jean-Paul Fitoussi

PART IV Education, Technical Change, and Growth

Wage Inequality and Technological Change: A Nelson-Phelps Approach 443 (19) ----------Philippe Aghion, Peter Howitt and Gianluca Violante

Comments on Aghion, Howitt, and Violante 462 (2) -----------Robert E. Hall

Factor Prices and Technical Change: From Induced Innovations to Recent Debates 464 (28) -------------------------------------------------------------Daron Acemoglu and Comments on Acemoglu

492 (6)

Nancy L. Stokey

Population and Ideas: A Theory of Endogenous Growth 498 (24) Charles I. Jones

Another View of Investment: 40 Years Later 522 (24) ------Jess Benhabib, Bart Hobijn