Michael Woodford
Biographic Data
| ID | 1471018 |
|---|---|
| NAME | Michael Woodford |
| GIVEN NAMES | Michael |
| FAMILY NAME | Woodford |
| SIGNATURE | WOODFORD M |
| AFFILIATIONS | Columbia University |
| ORCID | 0000-0001-5485-5280 |
| VERIFIED | Yes |
| TOTAL WORKS | 18 |
| TOTAL CITATIONS | 51 |
| AUTHOR COUNT | 16 |
| EDITOR COUNT | 2 |
| FIRST PUBLICATION YEAR | 1970 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 4 |
Sources of imprecision in integrated value comparisons
Many everyday decisions involve integrating multiple attributes rather than comparing a single value. While normative and stochastic choice theories assume that each option is evaluated independently, evidence shows that choices can instead depend on attribute-wise comparisons between options. To investigate the source of imprecision in such comparisons, we introduce a paradigm in which participants compare two sequences of numbers and decide whi…
Individual risk attitudes arise from noise in neurocognitive magnitude representations
Experiences of discrimination and its impacts on well‐being among racialised LGBTQ+ newcomers living in Waterloo region, Ontario, Canada
Discrimination (i.e. racism, homo/bi/transphobia) at both the individual and systemic levels may negatively impact the well-being of racialised LGBTQ+ newcomers living in Waterloo Region, Ontario, Canada. Current research about the experiences of LGBTQ+ newcomers focuses predominantly on homogeneous samples of gay men living in large metropolitan city centres. The present study aims to extend the current literature by exploring the experiences of…
Efficient coding of numbers explains decision bias and noise
Emi Nakamura: 2019 John Bates Clark Medalist
Emi Nakamura is the 2019 recipient of the John Bates Clark Medal from the American Economic Association. Emi is an empirical macroeconomist whose work has studied the nature of price-setting and the effects of monetary and fiscal policies, among other issues, and has been notable for using less aggregated data, while addressing central questions about the macroeconomy. We describe Emi's key research contributions, with particular emphasis on thos…
Diverse motives for human curiosity
An exploration of trans* kinship as a strategy for student success
Although the notion of queer kinship has been well discussed within literature on queer individuals, it has not been used as a lens to make sense of how trans* college students successfully navigate rigidly gender dichotomous collegiate environments. Using interview data from the National Study of LGBTQ Student Success, this study explores the narratives of 18 trans* students concerning their experiences of success in college and the role of quee…
Exposure: Inside the Olympus Scandal
Speaking the Dialect”: Understanding Public Discourse in the Aftermath of an HIV Vaccine Trial Shutdown
Objectives. We investigated how persons from key populations at higher risk of HIV exposure interpreted the process and outcomes of the Step Study HIV-1 vaccine trial, which was terminated early, and implications for willingness to participate in and community support for HIV vaccine research. Methods. We used qualitative methods and a community-based approach in 9 focus groups (n = 72) among ethnically and sexually diverse populations and 6 semi…
Financial Intermediation and Macroeconomic Analysis
Understanding phenomena such as the recent financial crisis, and possible policy responses, requires the use of a macroeconomic framework in which financial intermediation matters for the allocation of resources. Neither standard macroeconomic models that abstract from financial intermediation nor traditional models of the "bank lending channel" are adequate as a basis for understanding the recent crisis. Instead we need models in which intermedi…
The Case for Forecast Targeting as a Monetary Policy Strategy
At central banks around the world, including the Bank of England, Sweden's Riksbank, Norway's Norges Bank, and the Reserve Bank of New Zealand, policy is conducted on the basis of "inflation-forecast targeting": the central bank constructs quantitative projections of the economy's expected future evolution based on the way in which it intends to control short-term interest rates, and public discussion of those projections plays a critical role in…
Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps
Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an ec…
Handbook of Macroeconomics: Volume 1A
Handbook of Macroeconomics: Volume 1C
Preface to the handbook
Frontiers of Business Cycle Research
List of IllustrationsList of TablesPrefaceContributors1Economic Growth and Business Cycles12Recursive Methods for Computing Equilibria of Business Cycle Models393Computing Equilibria of Nonoptimal Economies654Models with Heterogeneous Agents985Business Cycles and Aggregate Labor Market Fluctuations1266Household Production in Real Business Cycle Theory1577Money and the Business Cycle1758Non-Walrasian Economies2179Dynamic General Equilibrium Models…
Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity
prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at
Essays in Monetary Economics
Essays in Monetary Economics Get access Essays in Monetary Economics. By Harry G. Johnson. 2nd ed. with new Introduction. London: Allen & Unwin. 1969. 332 pp. Bibliog. Index. (Unwin University Books, 52.) 25s. International Affairs, Volume 46, Issue 4, October 1970, Page 780, https://doi.org/10.1093/ia/46.4.780b Published: 01 October 1970
An exploration of trans* kinship as a strategy for student success
Although the notion of queer kinship has been well discussed within literature on queer individuals, it has not been used as a lens to make sense of how trans* college students successfully navigate rigidly gender dichotomous collegiate environments. Using interview data from the National Study of LGBTQ Student Success, this study explores the narratives of 18 trans* students concerning their experiences of success in college and the role of quee…
Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity
prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at
The Case for Forecast Targeting as a Monetary Policy Strategy
At central banks around the world, including the Bank of England, Sweden's Riksbank, Norway's Norges Bank, and the Reserve Bank of New Zealand, policy is conducted on the basis of "inflation-forecast targeting": the central bank constructs quantitative projections of the economy's expected future evolution based on the way in which it intends to control short-term interest rates, and public discussion of those projections plays a critical role in…
Diverse motives for human curiosity
Essays in Monetary Economics
Essays in Monetary Economics Get access Essays in Monetary Economics. By Harry G. Johnson. 2nd ed. with new Introduction. London: Allen & Unwin. 1969. 332 pp. Bibliog. Index. (Unwin University Books, 52.) 25s. International Affairs, Volume 46, Issue 4, October 1970, Page 780, https://doi.org/10.1093/ia/46.4.780b Published: 01 October 1970
Financial Intermediation and Macroeconomic Analysis
Understanding phenomena such as the recent financial crisis, and possible policy responses, requires the use of a macroeconomic framework in which financial intermediation matters for the allocation of resources. Neither standard macroeconomic models that abstract from financial intermediation nor traditional models of the "bank lending channel" are adequate as a basis for understanding the recent crisis. Instead we need models in which intermedi…
Essays in Monetary Economics
Essays in Monetary Economics Get access Essays in Monetary Economics. By Harry G. Johnson. 2nd ed. with new Introduction. London: Allen & Unwin. 1969. 332 pp. Bibliog. Index. (Unwin University Books, 52.) 25s. International Affairs, Volume 46, Issue 4, October 1970, Page 780, https://doi.org/10.1093/ia/46.4.780b Published: 01 October 1970
Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity
prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at
Frontiers of Business Cycle Research
List of IllustrationsList of TablesPrefaceContributors1Economic Growth and Business Cycles12Recursive Methods for Computing Equilibria of Business Cycle Models393Computing Equilibria of Nonoptimal Economies654Models with Heterogeneous Agents985Business Cycles and Aggregate Labor Market Fluctuations1266Household Production in Real Business Cycle Theory1577Money and the Business Cycle1758Non-Walrasian Economies2179Dynamic General Equilibrium Models…
Handbook of Macroeconomics: Volume 1A
Handbook of Macroeconomics: Volume 1C
Preface to the handbook
Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps
Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an ec…
The Case for Forecast Targeting as a Monetary Policy Strategy
At central banks around the world, including the Bank of England, Sweden's Riksbank, Norway's Norges Bank, and the Reserve Bank of New Zealand, policy is conducted on the basis of "inflation-forecast targeting": the central bank constructs quantitative projections of the economy's expected future evolution based on the way in which it intends to control short-term interest rates, and public discussion of those projections plays a critical role in…
Financial Intermediation and Macroeconomic Analysis
Understanding phenomena such as the recent financial crisis, and possible policy responses, requires the use of a macroeconomic framework in which financial intermediation matters for the allocation of resources. Neither standard macroeconomic models that abstract from financial intermediation nor traditional models of the "bank lending channel" are adequate as a basis for understanding the recent crisis. Instead we need models in which intermedi…
Speaking the Dialect”: Understanding Public Discourse in the Aftermath of an HIV Vaccine Trial Shutdown
Objectives. We investigated how persons from key populations at higher risk of HIV exposure interpreted the process and outcomes of the Step Study HIV-1 vaccine trial, which was terminated early, and implications for willingness to participate in and community support for HIV vaccine research. Methods. We used qualitative methods and a community-based approach in 9 focus groups (n = 72) among ethnically and sexually diverse populations and 6 semi…
Exposure: Inside the Olympus Scandal
An exploration of trans* kinship as a strategy for student success
Although the notion of queer kinship has been well discussed within literature on queer individuals, it has not been used as a lens to make sense of how trans* college students successfully navigate rigidly gender dichotomous collegiate environments. Using interview data from the National Study of LGBTQ Student Success, this study explores the narratives of 18 trans* students concerning their experiences of success in college and the role of quee…
Diverse motives for human curiosity
Emi Nakamura: 2019 John Bates Clark Medalist
Emi Nakamura is the 2019 recipient of the John Bates Clark Medal from the American Economic Association. Emi is an empirical macroeconomist whose work has studied the nature of price-setting and the effects of monetary and fiscal policies, among other issues, and has been notable for using less aggregated data, while addressing central questions about the macroeconomy. We describe Emi's key research contributions, with particular emphasis on thos…
Experiences of discrimination and its impacts on well‐being among racialised LGBTQ+ newcomers living in Waterloo region, Ontario, Canada
Discrimination (i.e. racism, homo/bi/transphobia) at both the individual and systemic levels may negatively impact the well-being of racialised LGBTQ+ newcomers living in Waterloo Region, Ontario, Canada. Current research about the experiences of LGBTQ+ newcomers focuses predominantly on homogeneous samples of gay men living in large metropolitan city centres. The present study aims to extend the current literature by exploring the experiences of…
Efficient coding of numbers explains decision bias and noise
Individual risk attitudes arise from noise in neurocognitive magnitude representations
Sources of imprecision in integrated value comparisons
Many everyday decisions involve integrating multiple attributes rather than comparing a single value. While normative and stochastic choice theories assume that each option is evaluated independently, evidence shows that choices can instead depend on attribute-wise comparisons between options. To investigate the source of imprecision in such comparisons, we introduce a paradigm in which participants compare two sequences of numbers and decide whi…
Economics (9 works) · Computer Science (6 works) · Psychology (5 works) · Economic Theory and Policy (4 works) · Macroeconomics (4 works) · Economic theories and models (3 works) · Mathematics (3 works) · Monetary Policy and Economic Impact (3 works) · Political science (3 works) · Social Psychology (3 works)