Policy Ineffectiveness Proposition
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
rational expectations
flexible prices and wages |
| gptkbp:basisFor |
arguments against discretionary monetary policy
support for monetary policy rules |
| gptkbp:category |
economic propositions
macroeconomic theories |
| gptkbp:contrastsWith |
gptkb:Keynesian_economics
|
| gptkbp:criticizedFor |
Keynesian economists
|
| gptkbp:field |
macroeconomics
|
| gptkbp:formedBy |
gptkb:Thomas_J._Sargent
gptkb:Neil_Wallace |
| https://www.w3.org/2000/01/rdf-schema#label |
Policy Ineffectiveness Proposition
|
| gptkbp:influenced |
macroeconomic policy debates
|
| gptkbp:influencedBy |
gptkb:Robert_Lucas
|
| gptkbp:publishedIn |
gptkb:Journal_of_Political_Economy
|
| gptkbp:relatedTo |
gptkb:economic_policy
gptkb:new_classical_economics rational expectations |
| gptkbp:requires |
systematic monetary policy cannot systematically manage output or employment
|
| gptkbp:yearProposed |
1975
|
| gptkbp:bfsParent |
gptkb:Rational_Expectations
|
| gptkbp:bfsLayer |
7
|