Why Lucas is not a Hayekian
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Lucas, Robert E, Jr, 1980. "Methods and Problems in Business Cycle Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 696-715, November.
- Visser, H., 1984. "New classical macroeconomics as seen by an impressed non-believer or, Keynes and the classics all over again," Serie Research Memoranda 0010, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- Bray, Margaret, 1982. "Learning, estimation, and the stability of rational expectations," Journal of Economic Theory, Elsevier, vol. 26(2), pages 318-339, April.
- Darby, Michael R, 1976.
"Rational Expectations under Conditions of Costly Information,"
Journal of Finance, American Finance Association, vol. 31(3), pages 889-895, June.
- Michael R. Darby, 1974. "Rational Expectations Under Conditions of Costly Information," UCLA Economics Working Papers 045, UCLA Department of Economics.
- McCallum, Bennett T, 1980. "Rational Expectations and Macroeconomic Stabilization Policy: An Overview," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 716-746, November.
- Kantor, Brian, 1979. "Rational Expectations and Economic Thought," Journal of Economic Literature, American Economic Association, vol. 17(4), pages 1422-1441, December.
- Scheide, Joachim, 1986. "New classical and Austrian business cycle theory: Is there a difference?," Open Access Publications from Kiel Institute for the World Economy 1317, Kiel Institute for the World Economy (IfW Kiel).
- Buiter, Willem H, 1980. "The Macroeconomics of Dr. Pangloss: A Critical Survey of the New Classical Macroeconomics," Economic Journal, Royal Economic Society, vol. 90(357), pages 34-50, March.
- Stanley Fischer, 1980. "On Activist Monetary Policy with Rational Expectations," NBER Chapters, in: Rational Expectations and Economic Policy, pages 211-247, National Bureau of Economic Research, Inc.
- Lucas, Robert E., 1977. "Understanding business cycles," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 5(1), pages 7-29, January.
- Shiller, Robert J., 1978.
"Rational expectations and the dynamic structure of macroeconomic models : A critical review,"
Journal of Monetary Economics, Elsevier, vol. 4(1), pages 1-44, January.
- Robert J. Shiller, 1975. "Rational Expectations and the Dynamic Structure of Macroeconomic Models:A Critical Review," NBER Working Papers 0093, National Bureau of Economic Research, Inc.
- J. Runde & C. Torr*, 1985. "Divergent Expectations and Rational Expectations," South African Journal of Economics, Economic Society of South Africa, vol. 53(3), pages 142-147, September.
- A. W. Phillips, 1958. "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957," Economica, London School of Economics and Political Science, vol. 25(100), pages 283-299, November.
- Gustavo Maia Gomes, 1982. "Irrationality of "Rational Expectations"," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(1), pages 51-65, October.
- Edmund S. Phelps, 1968. "Money-Wage Dynamics and Labor-Market Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 76(4), pages 678-678.
- Friedman, Benjamin M., 1979. "Optimal expectations and the extreme information assumptions of `rational expectations' macromodels," Journal of Monetary Economics, Elsevier, vol. 5(1), pages 23-41, January.
- Jan Snippe, 1986. "Varieties of Rational Expectations: Their Differences and Relations," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 8(3), pages 427-437, March.
- Lucas, Robert Jr. & Prescott, Edward C., 1974. "Equilibrium search and unemployment," Journal of Economic Theory, Elsevier, vol. 7(2), pages 188-209, February.
- Hoover, Kevin D, 1984. "Two Types of Monetarism," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 58-76, March.
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
- Lucas, Robert E, Jr & Rapping, Leonard A, 1969. "Real Wages, Employment, and Inflation," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 721-754, Sept./Oct.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Nathanaël Colin-Jaeger & Thomas Delcey, 2020. "When Efficient Market Hypothesis Meets Hayek on Information: Beyond a Methodological Reading," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01933895, HAL.
- Nathanaël Colin-Jaeger & Thomas Delcey, 2020. "When Efficient Market Hypothesis Meets Hayek on Information: Beyond a Methodological Reading," Post-Print hal-01933895, HAL.
- Zijp, R. van, 1990. "New classical monetary business cycle theory," Serie Research Memoranda 0058, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Zijp, R. van, 1990. "New classical monetary business cycle theory," Serie Research Memoranda 0058, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
- Zijp, R. van & Visser, H., 1992. "Mathematical formalization and the analysis of Cantillon effects," Serie Research Memoranda 0002, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- Goutsmedt, Aurélien & Sergi, Francesco & Guizzo, Danielle, 2019.
"An Agenda without a Plan: Robert E. Lucas's Trajectory throught the Public Debate,"
OSF Preprints
7jpa9, Center for Open Science.
- Aurélien Goutsmedt & Danielle Guizzo & Francesco Sergi, 2019. "An Agenda without a Plan. Robert E. Lucas’s Trajectory through the Public Debate [Un programme sans plan. La trajectoire de Robert E. Lucas à travers le débat public]," Post-Print hal-03228955, HAL.
- Aurélien Goutsmedt & Danielle Guizzo & Francesco Sergi, 2019. "An Agenda without a Plan. Robert E. Lucas’s Trajectory through the Public Debate [Un programme sans plan. La trajectoire de Robert E. Lucas à travers le débat public]," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03228955, HAL.
- Aurélien Goutsmedt, 2021.
"From the Stagflation to the Great Inflation: Explaining the US economy of the 1970s,"
Revue d'économie politique, Dalloz, vol. 131(3), pages 557-582.
- Aurélien Goutsmedt, 2020. "From the Stagflation to the Great Inflation: Explaining the US economy of the 1970s," Post-Print hal-03878374, HAL.
- William R. White, 2013. "Is Monetary Policy a Science? The Interaction of Theory and Practice over the Last 50 Years," SUERF 50th Anniversary Volume Chapters, in: Morten Balling & Ernest Gnan (ed.), 50 Years of Money and Finance: Lessons and Challenges, chapter 3, pages 73-116, SUERF - The European Money and Finance Forum.
- Nitzan, Jonathan, 1990. "Macroeconomic Perspectives on Inflation and Unemployment," EconStor Preprints 157850, ZBW - Leibniz Information Centre for Economics.
- Homburg, Stefan, 2017.
"A Study in Monetary Macroeconomics,"
OUP Catalogue,
Oxford University Press, number 9780198807537.
- Stefan Homburg, 2017. "Programs for "A Study in Monetary Macroeconomics"," QM&RBC Codes 205, Quantitative Macroeconomics & Real Business Cycles.
- Chollete, Loran & Ning, Cathy, 2009.
"The Dependence Structure of Macroeconomic Variables in the US,"
UiS Working Papers in Economics and Finance
2009/31, University of Stavanger.
- Cathy Q. Ning & Loran Chollete, 2009. "The Dependence Structure of Macroeconomic Variables in the US," Working Papers 005, Toronto Metropolitan University, Department of Economics.
- Thomas Delcey & Francesco Sergi, 2019. "The Efficient Market Hypothesis and Rational Expectations. How Did They Meet and Live (Happily?) Ever After," Working Papers hal-02187362, HAL.
- Chao Chiung Ting, 2018. "Phillips Curve Is a Particular Case that Economists Misinterpret the Correlation between Two Dependent Variables for Causal Relation," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(11), pages 1-70, November.
- Roman Frydman & Edmund S. Phelps, 2013. "Which Way Forward for Macroeconomics and Policy Analysis? [Rethinking Expectations: The Way Forward for Macroeconomics]," Introductory Chapters,, Princeton University Press.
- Frédéric Lordon, 1991. "Théorie de la croissance : quelques développements récents [Première partie : la croissance récente]," Revue de l'OFCE, Programme National Persée, vol. 36(1), pages 157-211.
- Jorge Fernández-Baca, 1996. "Robert Lucas, Premio Nobel de Economía 1995. Cómo un historiador se convirtió en el economista más importante del siglo XX," Apuntes. Revista de ciencias sociales, Fondo Editorial, Universidad del Pacífico, vol. 23(38), pages 11-23.
- John B. Taylor, 1983. "Rational Expectations Models in Macroeconomics," NBER Working Papers 1224, National Bureau of Economic Research, Inc.
- Thomas Delcey & Francesco Sergi, 2019. "The Efficient Market Hypothesis and Rational Expectations. How Did They Meet and Live (Happily?) Ever After," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02187362, HAL.
- Michael Paetz, 2007. "Robust Control and Persistence in the New Keynesian Economy," Quantitative Macroeconomics Working Papers 20711, Hamburg University, Department of Economics.
- Aurélien Goutsmedt, 2016.
"The New Classical Explanation of the Stagflation: A Psychological Way of Thinking,"
Documents de travail du Centre d'Economie de la Sorbonne
16018, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Aurélien Goutsmedt, 2016. "The New Classical Explanation of the Stagflation: A Psychological Way of Thinking," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01281962, HAL.
- Aurélien Goutsmedt, 2016. "The New Classical Explanation of the Stagflation: A Psychological Way of Thinking," Post-Print halshs-01281962, HAL.
- Stephen J. Turnovsky, 2011.
"Stabilization Theory and Policy: 50 Years after the Phillips Curve,"
Economica, London School of Economics and Political Science, vol. 78(309), pages 67-88, January.
- Stephen J. Turnovsky, 2008. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Working Papers UWEC-2008-09-FC, University of Washington, Department of Economics.
- Galbács Peter, 2021. "What did it take for Lucas to set up ‘useful’ analogue systems in monetary business cycle theory?," Economics and Business Review, Sciendo, vol. 7(3), pages 61-82, September.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vua:wpaper:1990-27. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: R. Dam (email available below). General contact details of provider: https://edirc.repec.org/data/fewvunl.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.