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Truman F. Bewley
Prof.
Alternative spellings: Truman Fassett Bewley Truman Fassett Bewley Truman Bewley T. F. Bewley
Truman Fassett Bewley (born July 19, 1941) is an American economist. He is the Alfred Cowles Professor of Economics at Yale University. Originally specializing in mathematical economics and general equilibrium theory, since the late 1990s Bewley has gained renown for his work on sticky wages. In Bewley's 1999 book Why Wages Don't Fall During a Recession, hundreds of interviews with executives, labor leaders, and other professionals establish morale as an important factor in why businesses are reluctant to decrease employee compensation at times of low demand. In general equilibrium theory, Bewley (1972) established key existence results for models with infinitely many goods. Due to Bewley (1977), Bewley is the namesake of Bewley models, the class of incomplete markets general equilibrium models in which agents face idiosyncratic income shocks and achieve partial insurance via, for example, a risk-free bond or capital. Aiyagari (1994), Huggett (1993), and Krusell and Smith (1998) are examples of Bewley models, each with many hundreds of citations according to Google Scholar. Bewley was elected a fellow of the American Academy of Arts and Sciences in 2005. In 2012 he was elected a distinguished fellow of the American Economic Association. (Source: DBPedia)
Q7847692
Publishing years
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2023
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2011
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2009
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1999
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1989
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1988
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1987
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1986
Series
Cowles Foundation discussion paper (6)
Econometric Society monographs (4)
Discussion paper / A (2)
Working paper series / European Central Bank (1)
Discussion paper series / IZA (1)
Journal of economic theory (1)
Papers and proceedings of the ... annual congress of the European Economic Association (1)
The result list below will be reduced to the selected search terms. The terms are generated from the titles, abstracts and STW thesaurus of publications by the respective author.
