“Expectations and the Neutrality of Money” (Robert Lucas, 1972)
GPTKB entity
Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:academic_journal
|
| gptkbp:author |
gptkb:Robert_Lucas
|
| gptkbp:citation |
highly cited
|
| gptkbp:contribution |
foundation for rational expectations revolution
|
| gptkbp:hasModel |
Lucas island model
|
| https://www.w3.org/2000/01/rdf-schema#label |
“Expectations and the Neutrality of Money” (Robert Lucas, 1972)
|
| gptkbp:impact |
introduced rational expectations to macroeconomic models
|
| gptkbp:influenced |
new classical macroeconomics
|
| gptkbp:language |
English
|
| gptkbp:publicationYear |
1972
|
| gptkbp:publishedIn |
gptkb:Journal_of_Economic_Theory
|
| gptkbp:requires |
anticipated monetary policy has no real effects
unanticipated monetary shocks can affect output |
| gptkbp:topic |
macroeconomics
rational expectations monetary neutrality |
| gptkbp:bfsParent |
gptkb:new_classical_economists
|
| gptkbp:bfsLayer |
6
|