The Collected Papers of Franco Modigliani, Volume 5

These two volumes bring together articles, commentaries, and excerpts by Nobel Prize-winning economist Franco Modigliani published from the late 1970s to 1989. The 11 essays collected in Volume 4 focus on money and inflation and on stabilization policies for growth and unemployment. The 21 essays in Volume 5 cover saving and wealth, deficits, the real effects of inflation, and finance.Franco Modigliani (1918-2003) was Professor Emeritus of Economics and Management at MIT, where he began teaching in 1960. He won the Nobel Prize for Economics in 1985.

Simon Johnson, a graduate of MIT, is Junior Scholar at the Harvard Academy of International and Area Studies.