Statements (17)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
rational expectations
island economies local information only |
| gptkbp:basisFor |
gptkb:Lucas_critique
|
| gptkbp:describes |
imperfect information in macroeconomics
|
| gptkbp:explains |
relationship between monetary policy and output
|
| gptkbp:field |
macroeconomics
|
| https://www.w3.org/2000/01/rdf-schema#label |
Lucas islands model
|
| gptkbp:influenced |
gptkb:New_Classical_Macroeconomics
|
| gptkbp:introducedIn |
1972
|
| gptkbp:proposedBy |
gptkb:Robert_Lucas_Jr.
|
| gptkbp:publishedIn |
gptkb:Journal_of_Economic_Theory
|
| gptkbp:relatedTo |
gptkb:Phillips_curve
|
| gptkbp:shows |
monetary shocks have only short-term real effects
|
| gptkbp:bfsParent |
gptkb:Lucas_model
|
| gptkbp:bfsLayer |
7
|