Modigliani's 1944 "Econometrica" article is considered one of the most important efforts to reconcile Keynes with classical economic thinking. The aim of this paper is to reconstruct the genesis of Modigliani's article and to reexamine its place in the construction of Neoclassical Synthesis....

The article reconstructs how the Phillips curve was embedded into the Fed-MIT-Penn macroeconometric model of the late 1960s. My aim is to integrate James Forder's (2014) narrative about the Phillips curve myth by looking at the macroeconometric model that should have been devoted to guide the...

The paper reconstructs the origin of the large-scale macroeconometric model Modigliani and Ando built for the Fed (1965-1970), and discusses its place within the monetary debate of the 1960s and 1970s, particularly with reference to the Keynesian and Monetarist controversy. The main purpose of...

The paper investigates how the Fed-MIT-Penn model incorporated the Phillips curve within its larger system of equations, after Milton Friedman's Presidential Address. Forder (2014) reconstructs the history of the Phillips curve's parabola arguing that the standard narrative is a myth; a myth he...

Italian Abstract: Il presente articolo illustra le teorie di disoccupazione di Sylos Labini e di Modigliani partendo da una lunga lettera che Modigliani scrisse al suo amico e collega, commentando l'edizione provvisoria di "Oligopolio e Progresso Tecnico" (1956). Mentre nel suo influente...

This note discusses Modigliani's and Sylos Labini's unemployment theory starting from a long letter Modigliani wrote to his friend and colleague, commenting the provisional edition of “Oligopolio e Progresso Tecnico” (1956). While in his influential article review (1958) Modigliani...

Italian Abstract: Questa nota tratta la teoria della disoccupazione di Modigliani e Sylos Labini partendo da una lunga lettera che Modigliani scrisse all'amico e collega, commentando l'edizione provvisoria di "Oligopolio e Progresso Tecnico" (1956). Mentre nella sua autorevole revisione di...

This paper draws comparisons between the articles collected in a recent volume edited by Pecchi and Piga dealing with Keynes’s long period considerations set out in the essay Economic possibilities for our grandchildren. Comments concentrate on two of Keynes’s principal forecasts,...

This note discusses Modigliani's and Sylos Labini's unemployment theory starting from a long letter Modigliani wrote to his friend and colleague, commenting the provisional edition of "Oligopolio e Progresso Tecnico" (1956). While in his influential article review (1958) Modigliani especially...

This note discusses Modigliani's and Sylos Labini's unemployment theory starting from a long letter Modigliani wrote to his friend and colleague, commenting the provisional edition of "Oligopolio e Progresso Tecnico" (1956). While in his influential article review (1958) Modigliani especially...